US (United States) Code. Title 12. Chapter 13: National Housing

Codificación normativa de EEUU (Estados Unidos). Legislación federal estadounidense # Banks and banking

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12 USC CHAPTER 13 - NATIONAL HOUSING 01/06/03

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TITLE 12 - BANKS AND BANKING

CHAPTER 13 - NATIONAL HOUSING

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CHAPTER 13 - NATIONAL HOUSING

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Sec.

1701. Short title.

1701a. Short title of amendment of 1938.

1701b. Short title of amendment of 1942.

1701c. Secretary of Housing and Urban Development.

(a) Employment of personnel; delegation of

functions.

(b) Omitted.

(c) Additional powers and duties of Secretary

and Federal Home Loan Bank Board.

(d) Use of funds for library memberships.

1701c-1 to 1701d-3. Omitted or Repealed.

1701d-4. Exchange and assembly of housing and urban planning

and development data; payment of expenses;

acceptance of funds, services, facilities,

materials, and other donations; approval of

Secretary of State for international programs and

activities.

1701e to 1701g-4. Repealed or Omitted.

1701g-5. Revolving fund in connection with liquidating

programs.

1701g-5a. Transfer of New Communities Fund assets and

liabilities.

1701g-5b. Liquidation of New Communities Program;

cancellation of debt.

(a) Law applicable.

(b) Availability of revolving fund moneys for

administrative and other expenses.

(c) Issuance of obligations to Secretary of the

Treasury.

(d) Cancellation of obligations.

1701g-5c. Transfer of rehabilitation loan fund assets and

liabilities.

1701h. Advisory committees; payment of transportation and

other expenses.

1701h-1. Housing for elderly persons advisory committee.

1701i, 1701i-1, 1701j. Omitted or Repealed.

1701j-1. Builder's certification as to construction.

(a) Warranty requirements.

(b) Availability of plans and specifications.

1701j-2. National Institute of Building Sciences.

(a) Congressional findings and declaration of

purpose.

(b) Establishment; advice and assistance of

Academies-Research Council and other

agencies and organizations knowledgeable

in building technology.

(c) Board of Directors; number; appointment;

membership; terms of office; vacancies;

appointment, etc., of Chairman and Vice

Chairman; employees of United States;

travel and subsistence expenses;

appointment and compensation of president

and other executive officers and

employees; establishment, membership, and

functions of Consultative Council.

(d) Financial restrictions and prohibitions.

(e) Exercise of functions and responsibilities.

(f) Contract and grant authorization;

donations; fees; amounts received in

addition to amounts appropriated.

(g) Technical findings and performance criteria

and standards; applicability and use by

Federal departments, agencies, and

establishments, and State and local

governments; supporting grants and

contracts.

(h) Advanced Building Technology Program.

(i) Authorization of appropriations.

(j) Annual report to President for transmittal

to Congress; contents.

1701j-3. Preemption of due-on-sale prohibitions.

(a) Definitions.

(b) Loan contract and terms governing execution

or enforcement of due-on-sale options and

rights and remedies of lenders and

borrowers; assumptions of loan rates.

(c) State prohibitions applicable for

prescribed period; subsection (b)

provisions applicable upon expiration of

such period; loans subject to State and

Federal regulation or subsection (b)

provisions when authorized by State laws

or Federal regulations.

(d) Exemption of specified transfers or

dispositions.

(e) Rules, regulations, and interpretations;

future income bearing loans subject to

due-on-sale options.

(f) Effective date for enforcement of

Corporation-owned loans with due-on-sale

options.

(g) Balloon payments.

1701k. Right to redeem property on which United States has

lien.

1701l. Limitation on interest rates of insured mortgages;

terms of sales.

1701l-1. Mortgage proceeds fraudulently misappropriated by

mortgagor; recovery of deficiency after

foreclosure.

1701m. Credit and cancellation of notes transferred from

Reconstruction Finance Corporation; net loss

computation.

1701n. Reduction of vulnerability of congested urban areas

to enemy attack.

1701o. Annual report of Secretary.

1701p. Contents of report to President and Congress.

1701p-1. Periodic report on residential mortgage

delinquencies and foreclosures.

1701q. Supportive housing for the elderly.

(a) Purpose.

(b) General authority.

(c) Forms of assistance.

(d) Term of commitment.

(e) Applications.

(f) Selection criteria.

(g) Provisions of services.

(h) Development cost limitations.

(i) Tenant selection.

(j) Miscellaneous provisions.

(k) Definitions.

(l) Allocation of funds.

(m) Authorization of appropriations.

(m) Authorization of appropriations.

1701q-1. Civil money penalties against mortgagors under

section 1701q of this title.

(a) In general.

(b) Penalty for violation of agreement as

condition of transfer of physical assets,

flexible subsidy loan, capital

improvement loan, modification of

mortgage terms, or workout agreement.

(c) Violations of regulatory agreement.

(d) Agency procedures.

(e) Judicial review of agency determination.

(f) Action to collect penalty.

(g) Settlement by Secretary.

(h) ''Knowingly'' defined.

(i) Regulations.

(j) Deposit of penalties in insurance funds.

1701q-2. Grants for conversion of elderly housing to

assisted living facilities.

(a) Grant authority.

(b) Eligible projects.

(c) Applications.

(d) Funding for services.

(e) Selection criteria.

(f) Section 8 project-based assistance.

(g) Definitions.

(h) Authorization of appropriations.

1701r. Congressional findings respecting housing for

senior citizens.

1701r-1. Pet ownership in assisted rental housing for the

elderly or handicapped.

(a) Restrictions on ownership.

(b) Rules and regulations.

(c) Removal of pets constituting a nuisance.

(d) ''Federally assisted rental housing for the

elderly or handicapped'' defined.

1701s. Rent supplement payments for qualified lower income

families.

(a) Authorization; maximum term; maximum

aggregate amount.

(b) ''Housing owner'' defined; limitation on

payments to housing owner.

(c) Definitions.

(d) Annual payment amount.

(e) Criteria and procedure for determining

eligibility and rental charges;

recertification of income; agreements for

services required in selection of

tenants; delegation of authority to issue

certificates.

(f) Omitted.

(g) Authority of Secretary.

(h) Authorization of appropriations.

(i) Omitted.

(j) Additional definition of housing owner;

restrictions on payments.

(k) Repealed.

(l) Additional available assistance authority.

(m) Payments for benefit of certain projects

having mortgages made by State or local

housing finance or government agencies.

1701t. Congressional affirmation of national goal of

decent homes and suitable living environment for

American families.

1701u. Economic opportunities for low- and very low-income

persons.

(a) Findings.

(b) Policy.

(c) Employment.

(d) Contracting.

(e) Definitions.

(f) Coordination with other Federal agencies.

(g) Regulations.

1701v. Congressional findings and declaration for improved

architectural design in Government housing

programs.

1701w. Budget, debt management, and related counseling

services for mortgagors; authorization of

appropriations.

1701x. Assistance with respect to housing for low- and

moderate-income families.

(a) Authorization to provide information,

advice, and technical assistance; scope

of assistance; authorization of

appropriations.

(b) Loans to nonprofit organizations or public

housing agencies; purpose and terms;

repayment; authorization of

appropriations; deposit of appropriations

in Low and Moderate Income Sponsor Fund.

(c) Grants for homeownership counseling

organizations.

(d) Prepurchase and foreclosure-prevention

counseling demonstration.

(e) Certification.

(f) Homeownership and rental counselor training

and certification programs.

1701y. National Homeownership Foundation.

(a) Creation; purpose; articles of

incorporation and charter; reservation of

right to alter or amend charter; term;

principal office; administration as

charitable and educational foundation;

compensation of officers and employees;

contract authority; donations and grants;

payment of principal and interest on

borrowings.

(b) Board of Directors; appointment of members;

Chairman; terms of office; reappointment;

compensation and travel expenses;

Executive Director and other officers;

vacancies; by-laws.

(c) Functions; programs to expand homeownership

and housing opportunities for lower

income families; fees for assistance or

services.

(d) Grants and loans to public or private

organizations; eligibility; encouragement

of cooperation between organizations and

neighborhoods and communities.

(e) Coordination of activities and consultation

with Department of Housing and Urban

Development and other Federal departments

and agencies.

(f) Annual report to the President and the

Congress; contents.

(g) Audit of financial transaction; access to

records; report of audit; contents of

report.

(h) Deposit of funds of Foundation.

(i) Authorization of appropriations.

1701z. New technologies in the development of housing for

lower income families.

(a) Institution of program; assistance to

mobile home buyers.

(b) Approval of plans utilizing new housing

technologies; considerations.

(c) Number of dwelling units to be constructed

for each type of technology; evaluation

of projects.

(d) Transfer of surplus property.

(e) Report of findings; legislative

recommendations.

1701z-1. Research and demonstrations; authorization of

appropriations; continuing availability of funds.

1701z-2. Advanced technologies, methods, and materials for

housing construction, rehabilitation, and

maintenance.

(a) General acceptance; costs, reduction;

health and safety restrictions on

expanded housing production.

(b) Experimental construction under approved

housing plans on Federal or other lands

with view toward ultimate mass housing

production; use of section 1701z-1 funds

and authority.

(c) Acquisition, use, and disposal of property;

transfer of excess property.

(d) Technical assistance; reports; general

dissemination and form of reports, data,

and information.

(e) Contracts or grants; authority; advance and

progress payments; work limitation.

(f) Utilization of facilities of other

agencies; working agreements, cooperative

agreements, contract authority, receipt

of funds, and exercise of section

1701c(c) powers.

(g) Information and data; restriction on use or

identification.

1701z-3. Experimental housing allowance payment program.

(a) Purpose of payments.

(b) Termination date of payments; termination

date for contracts; contracts for

performance of administrative functions.

(c) Report to Congress.

1701z-4. Abandoned properties demonstration project.

(a) Grants for arrest of incipient abandonment

and revitalization of blighted areas.

(b) Preferred projects; scope of projects.

(c) Purchase or lease of project real estate at

fair market value for new or

rehabilitated housing use; conditions.

(d) Amount of grants; authorization of

appropriations; continuing availability

of funds; locality limitation.

(e) Projects as part of urban renewal projects

for purpose of application of urban

renewal provisions.

1701z-5. Demonstrations of heating or cooling residential

housing utilizing solar energy.

(a) Consultation by Secretary with National

Science Foundation; scope of

demonstrations; powers of Secretary.

(b) Evaluation by Secretary.

1701z-6. Special housing need research and demonstration

authority.

(a) Special demonstrations of housing design,

structure, facilities, and amenities to

meet needs of elderly, handicapped, etc.;

contracts, grants, and assistance by

Secretary.

(b) Areas of preferential attention.

(c) Utilization of contract and loan authority

of federally assisted housing programs;

setting aside of development, etc.,

requirements during testing.

(d) Evaluation of demonstration.

(e) Limitation on amounts available for

research.

1701z-7. Studies to determine extent of need for counseling

to mortgagors; report to Congress.

1701z-8. Energy conservation and renewable-resource

demonstration.

(a) National demonstration program; purpose.

(b) Financial assistance to owners and tenants

of dwelling units; authorization of

Secretary.

(c) Duties of Secretary.

(d) Limitations on grants; modification and

exceptions to limitation; eligibility.

(e) Conditions upon availability of financial

assistance.

(f) Implementation of program.

(g) Interim and final reports on program

progress, findings, and legislative

recommendations; criteria for evaluation

of projects.

(h) Report on evaluation criteria to be used

and results sought prior to funding of

projects.

(i) Definitions.

(j) Authorization of appropriations.

1701z-9. Expansion of home ownership opportunities in urban

areas.

1701z-10. Model rehabilitation guidelines in inspection and

approval of rehabilitated properties; report to

Congress.

1701z-10a. Biennial survey of economic and housing market

conditions.

1701z-11. Management and disposition of multifamily housing

projects.

(a) Goals.

(b) Definitions.

(c) Disposition of property.

(d) Management and maintenance of properties.

(e) Required assistance.

(f) Discretionary assistance.

(g) Protection for unassisted very low-income

tenants.

(h) Contract requirements.

(i) Right of first refusal for local and State

government agencies.

(j) Displacement of tenants and relocation

assistance.

(k) Mortgage and project sales.

(l) Report to Congress.

1701z-12. Housing access.

1701z-13. Solar energy for single-family and multifamily

housing units.

(a) Purpose.

(b) Cost-effective and economically feasible

solar energy systems; ''solar energy

system'' defined.

(c) Matters considered.

(d) Report to Congress.

1701z-14. Lower cost technology demonstration program.

1701z-15. Approval of individual residential water

purification or treatment units.

(a) In general.

(b) Approval process.

SUBCHAPTER I - HOUSING RENOVATION AND MODERNIZATION

1702. Administrative provisions.

1702a. Repealed.

1703. Insurance of financial institutions.

1704. Repealed.

1705. Allocation of funds.

1706, 1706a. Repealed.

1706b. Taxation of real property held by Secretary.

1706c. Insurance of mortgages.

(a) Supplemental system; limitation on amount;

termination of authority.

(b) Eligibility conditions.

(c) Premium charge.

(d) Release of mortgagor.

(e) Conclusiveness of insurance contract as to

eligibility.

(f) Rights of mortgagee upon foreclosure.

(g) Applicability of other sections.

1706d. Applicability.

1706e. Repealed.

SUBCHAPTER II - MORTGAGE INSURANCE

1707. Definitions.

1708. Federal Housing Administration operations.

(a) Mutual Mortgage Insurance Fund.

(b) Advisory Board.

(c) Mortgagee Review Board.

(d) Coordination of GNMA and FHA withdrawal

action.

(e) Appraisal standards.

1709. Insurance of mortgages.

(a) Authorization.

(b) Eligibility for insurance; mortgage limits.

(c) Premium charges.

(d) Increase in maximum amount of mortgage.

(e) Contract of insurance as evidence of

eligibility.

(f) Disclosure of other mortgage products.

(g) Limitation on use of single family mortgage

insurance by investors.

(h) Disaster housing.

(i) Single-family housing in outlying areas.

(j) Real estate loans by national banks.

(k) Rehabilitation of one- to four-family

structures; definitions; eligibility;

refinancing and extension; General

Insurance Fund.

(l), (m) Repealed.

(n) Cooperative housing projects; definitions.

(o) Insurance of mortgages on owner occupied

homes in communities subject to adverse

economic conditions resulting from Indian

claims to ownership of land; obligation

of Special Risk Insurance Fund.

(p) Insurance of mortgages in communities

subject to temporary adverse economic

conditions as a result of claims to

ownership of land in the community by an

American Indian Tribe, band, or nation;

eligibility, authorities, etc.

(q) Insurance of mortgages secured by property

on certain lands leased by Seneca Nation

of New York Indians.

(r) Actions to reduce losses under single

family mortgage insurance program.

(s) Suspension or revocation of approval of

mortgagee; notice and statement of

reasons.

(t) Disclosure regarding interest due upon

mortgage prepayment.

(u) Accountability of mortgage lenders.

(v) Use of FHA insurance with assistance under

42 U.S.C. 1437f.

(w) Annual report.

(x) Management deficiencies report.

1709-1. Repealed.

1709-1a. State constitutional and legal limits upon interest

chargeable on loans, mortgages, or other interim

financing arrangements; applicability; covered

arrangements.

1709-2. Equity skimming; penalty; persons liable; one

dwelling exemption.

1709a. Determination of loan-to-value ratios.

1709b. Repealed.

1710. Payment of insurance.

(a) In general.

(b) Consent to release of mortgagor or

property.

(c) Debentures; form and amounts.

(d) Debentures; issuance; negotiability; terms;

tax exemptions.

(e) Certificate of claim.

(f) Division of excess proceeds; settlement of

certificates of claims and refunds to

mortgagors.

(g) Handling and disposal of property;

settlement of claims.

(h) Disposition of assets in revitalization

areas.

(i) Mortgagor's or mortgagee's interest in

property or claim conveyed.

(j) Foreclosure; payment and cessation of

obligation.

(k) Repealed.

(l) Nullification of right of redemption of

single family mortgagors.

1711. General Surplus and Participating Reserve Accounts.

(a) Establishment; abolishment of General

Reinsurance Account.

(b) Credits and charges.

(c) Distribution of funds to terminating

mortgagors.

(d) Rights and liabilities.

(e) Actuarial status of entire Fund.

(f) Capital ratio for Mutual Mortgage Insurance

Fund.

(g) Annual independent audit of Mutual Mortgage

Insurance Fund.

(h) Adjustment of premiums.

1712. Investment of funds.

1712a. Indexing of FHA multifamily housing loan limits.

(a) Method of indexing.

(b) Notification.

1713. Rental housing insurance.

(a) Definitions.

(b) Insurance of additional mortgages.

(c) Eligibility for insurance; mortgage limits.

(d) Premium, appraisal, and inspection charges.

(e) Adjusted premium charge on payment of

mortgage.

(f) Repealed.

(g) Payment of insurance after default.

(h) Certificate of claim; division of excess

proceeds.

(i) Debentures; execution; negotiability;

terms; tax exemptions.

(j) Debentures; form and amounts.

(k) Acquisition of property by conveyance or

foreclosure.

(l) Handling and disposal of property;

settlement of claims.

(m) Repealed.

(n) Default or payment; rights of parties.

(o) Reissue of prior insurance.

(p), (q) Repealed.

(r) Service charge for mortgages assigned to

and held by the Secretary.

1714. Taxation.

1715. Statistical and economic surveys.

1715a. Repealed.

1715b. Rules and regulations.

1715c. Labor standards.

1715d. Insurance of mortgages on property in Alaska, Guam,

Hawaii, and Virgin Islands.

1715e. Cooperative housing insurance.

(a) Projects insurable.

(b) Eligibility conditions for projects under

subsection (a)(1) of this section.

(c) Eligibility conditions for projects under

subsection (a)(2) of this section.

(d) Amortization; release from mortgage lien;

individual insurance; commercial and

community facilities.

(e) Applicability of sections 1710 and 1713 of

this title.

(f) Technical advice and assistance.

(g) Housing projects designed for single person

occupancy.

(h) Failure to sell to a nonprofit

organization.

(i) Mortgages executed by consumer cooperatives

covering existing structures.

(j) Insurance of supplementary cooperative

loans.

(k) Cooperative Management Housing Insurance

Fund.

(l) General Surplus Account; Participating

Reserve Account.

(m) Transfer of insurance to Management Fund.

(n) Payment of premium charges in debentures.

(o) Transfer of funds between Management Fund

and General Insurance Fund; investment of

monies.

(p) Increase in maximum mortgage amounts for

solar energy systems and energy

conservation measures.

1715f. Process of applications and issuance of

commitments.

1715g. Insurance of mortgage where mortgagor is not

occupant of property.

1715h to 1715j. Repealed.

1715k. Rehabilitation and neighborhood conservation

housing insurance.

(a) Purpose of section.

(b) Authorization.

(c) Definitions.

(d) Eligibility for insurance; conditions;

limits.

(e) Release of mortgagor or part of property.

(f) Entitlement of mortgagee to benefits;

payment in cash or debentures;

acquisition of mortgages; applicability

of other provisions.

(g) Repealed.

(h) Home improvement loans; eligibility;

conditions; refinancing; premium charge;

defaults; debentures; exception;

limitation.

1715l. Housing for moderate income and displaced families.

(a) Purpose.

(b) Authorization.

(c) Definitions.

(d) Eligibility for insurance; conditions;

limits.

(e) ''Mortgagor'' defined; release of mortgagor

or part of property.

(f) Compliance with standards; nondwelling

facilities in projects in urban renewal

areas; number of family units; premium

charges; housing for low-income

purchasers; expiration of mortgage

insurance authority; ''family'' defined;

single occupants in subsection (d)(3)

housing; use of certain housing

facilities for classroom purposes; return

of advances for capital improvements.

(g) Entitlement of mortgagee to benefits;

applicability of other provisions;

debentures; ''going Federal rate''

defined; transfer of original credit

instrument.

(h) Insurance of mortgages to finance purchase

and rehabilitation by nonprofit

organizations of housing for resale to

low-income purchasers, and insurance of

mortgages executed for the purpose of

financing rehabilitation or improvement

of dwellings owned and occupied by

mortgagors who purchased from nonprofit

organizations.

(i) Conversion of insured project to plan of

family unit ownership; sale of units;

agreements for maintenance; release from

lien of project mortgage; insurance of

mortgages financing purchase of

individual family units; eligibility for

insurance; definitions.

(j) Conversion of insured rental projects to

cooperatives; eligibility for membership;

insurance of cooperative mortgages

financing purchase of projects;

eligibility for insurance.

(k) Increase in maximum insurance amounts for

costs incurred from solar energy systems

and energy conservation measures.

(l) Rental charges; ''eligible multifamily

housing'' defined.

1715m. Mortgage insurance for servicemen.

(a) Purpose; housing certificates.

(b) Eligibility of mortgage for insurance.

(c) Manner of acceptance; payment of premiums.

(d) Entitlement of mortgagee to benefits.

(e) Applicability of other provisions.

(f) Transfer of insurance on mortgages covering

single-family dwellings or one-family

units in condominium projects if mortgage

is assumed by serviceman.

(g) Extension of period of ownership where

serviceman dies while on active duty.

1715n. Miscellaneous mortgage insurance.

(a) Projects covered.

(b) Insurance of mortgages given to refinance

mortgages covering existing property or

projects in urban renewal areas.

(c) Insurance of certain assigned mortgages.

(d) Insurance of loans made to cover operating

losses of certain projects having

existing mortgages insured by Secretary.

(e) Insurance of mortgages executed in

connection with repair, rehabilitation,

construction, or purchase of property in

older, declining urban areas.

(f) Insurance of mortgages executed in

connection with purchase or refinancing

of existing multifamily housing project;

refinancing of existing debt of existing

hospital, or purchase or refinancing of

rental rehabilitated property; terms and

conditions, etc.

(g) Insurance of mortgages covering multifamily

housing projects including units not

self-contained.

1715o. Interest rate on debentures; method of

establishment.

1715p. Insurance of advances under open-end mortgages;

payment of charges; eligibility and conditions.

1715q. Delivery of statement of appraisal or estimates to

home buyers.

1715r. Requirement of builder's cost certification;

definitions.

1715s. Transferred.

1715t. Voluntary termination of insurance.

1715u. Authority to assist mortgagors in default.

(a) Loss mitigation.

(b) Payment of partial claim.

(c) Assignment.

(d) Prohibition of judicial review.

(e) Repealed.

(f) Applicability of other laws.

1715v. Insurance of mortgages for housing for elderly

persons.

(a) Purpose; definitions.

(b) Authorization.

(c) Eligibility for insurance; maximum amount

of mortgage; terms and conditions.

(d) Release of part of mortgaged property or

project from lien; preferences and

priorities in rental of dwellings.

(e) Applicability of other laws.

(f) Handicapped family units and facilities;

rental preference or priority.

1715w. Mortgage insurance for nursing homes, intermediate

care facilities, and board and care homes.

(a) Purpose.

(b) Definitions.

(c) Authorization.

(d) Terms and conditions; limitation on maximum

amount of mortgage; amortization;

interest; certification from State

agency.

(e) Release of part of mortgaged property or

project from lien.

(f) Applicability of other laws.

(g) Regulations covering intermediate care

facilities; consultations.

(h) Consultations concerning need for and

availability of intermediate care

facilities.

(i) Fire safety equipment for nursing homes,

assisted living facilities, intermediate

care facilities, or board and care homes.

(j) Schedules and deadlines for processing and

approval of applications.

1715x. Experimental housing insurance.

(a) Purpose; authorization.

(b) Eligibility for insurance; conditions;

limits.

(c) Contracts, agreements, and financial

undertakings with mortgagor.

(d) Investigations and analysis of data;

publication and distribution of reports.

(e) Entitlement to insurance benefits.

(f) Defaults; payment in cash or debentures;

acquisition of mortgage.

1715y. Mortgage insurance for condominiums.

(a) Purpose.

(b) Definitions.

(c) Authorization; eligibility for insurance;

conditions; limits.

(d) Blanket mortgages of multifamily projects;

plan of family unit ownership;

regulations; stock purchase and

redemption.

(e) Eligibility for insurance of blanket

mortgages of multifamily projects.

(f) Amortization of blanket mortgages of

multifamily projects; interest; releases;

extent of project.

(g) Entitlement to insurance benefits as

provided in section 1710(a) of this

title.

(h) Applicability of other provisions.

(i) Applicability of other provisions.

(j) Increase in maximum insurance amounts for

costs incurred from solar energy systems

and energy conservation measures.

(k) Rental housing conversion.

1715z. Homeownership or membership in cooperative

association for lower income families.

(a) Authorization for periodic assistance

payments to mortgagees; assistance to

manufactured home buyers.

(b) Qualifications and eligibility requirements

for assistance payments.

(c) Limitation on payments on behalf of

mortgagor; occupancy of property; maximum

amount of payment; recapture of amounts;

determination, applicability, etc.

(d) Limitation on payments on behalf of family

holding membership in cooperative

association; occupancy; maximum amount of

payment.

(e) Reimbursement for expenses in handling the

mortgage.

(f) Adoption of procedures for recertifications

of mortgagor's or cooperative member's

income.

(g) Regulations to assure that sales price or

other consideration paid is not increased

above appraised value.

(h) Authorization of appropriations; aggregate

amount of assistance payment contracts;

maximum income limits of families;

limitation on payments with respect to

existing dwellings or dwelling units in

existing projects and for approved

substantial rehabilitation of dwellings

or dwelling units in projects.

(i) Insurance of mortgages executed by

mortgagors meeting eligibility

requirements for assistance payments;

issuance of commitment; eligibility

requirements for insurance.

(j) Insurance of mortgages executed by

nonprofit organizations or public bodies

or agencies; issuance of commitment;

eligibility requirements for insurance;

insurance of mortgages executed to

finance sale of individual dwellings to

lower income individuals or families;

definitions; assistance payments to

mortgagees on behalf of nonprofit

organizations or public bodies and

agencies.

(k) Allocation and transfer of reasonable

portion of total authority to contract to

make assistance payments to Secretary of

Agriculture for use in rural areas and

small towns.

(l) Deductions for minors in determining income

limits; exclusion of earnings of minors.

(m) Termination date for insurance of

mortgages.

(n) Percentage limitation of mortgage insurance

on subdivision units; exceptions.

(o) Mortgage insurance over maximum limits

involving dwellings of community

sponsored programs of concentrated

redevelopment or revitalization.

(p) Mortgage insurance over maximum limits

involving dwellings to be occupied by

physically handicapped persons;

applicability, etc.

(q) Periodic assistance payments for emergency

stimulation of housing market; contracts,

terms and conditions, eligibility, etc.,

for payments.

(r) Refinancing.

1715z-1. Rental and cooperative housing for lower income

families.

(a) Authorization for periodic interest

reduction payments on behalf of owner of

rental housing project.

(b) Restrictions on payments; payments with

respect to projects financed under State

or local programs; mortgage insurance

premium.

(c) Amount of payments.

(d) Mortgage handling expenses.

(e) Operation of project in accordance with

requirements respecting tenant

eligibility and rents prescribed by

Secretary.

(f) Establishment of basic and fair market

rental charges; rental for dwelling

units; separate utility metering;

additional assistance payments for

low-income tenants; limitations; amounts;

approval of payments.

(g) Collection of excess rental charges; credit

to reserve for additional assistance

payments; retention by project owner.

(h) Rules and regulations.

(i) Authorization of appropriations; aggregate

amount of contracts; contracts for

assistance payments; income limitations;

availability of amounts for projects

approved prior to rehabilitation and

projects for occupancy by elderly or

handicapped families; definitions.

(j) Insurance of mortgages; definitions;

eligibility for insurance; mortgage

requirements; property or project

requirements; sale of individual dwelling

units; release of mortgagor from

liability or release of property from

lien of mortgage.

(k) Definitions.

(l) Allocation and transfer of reasonable

portion of total authority to contract to

make payments to Secretary of Agriculture

for use in rural areas and small towns.

(m) ''Income'' defined.

(n) Termination date for insurance of

mortgages; exception.

(o) State funding of interest reduction

payments.

(p) Contracts with State or local agencies for

monitoring and supervision of management

by private sponsors of assisted projects.

(q) Assistance to residents of covered

projects; contracting authority;

applicability.

(r) Payments for benefit of certain projects

having mortgages made by State or local

housing finance or government agencies.

(s) Grants and loans for rehabilitation of

multifamily projects.

1715z-1a. Assistance for troubled multifamily housing

projects.

(a) Purpose.

(b) Availability of financial assistance.

(c) Eligibility for financial assistance.

(d) Criteria for granting financial assistance.

(e) Consultation with local officials.

(f) Amount of financial assistance.

(g) Rules and regulations.

(h) Limitation on use of financial assistance.

(i) Repealed.

(j) Flexible Subsidy Fund.

(k) Assistance for capital improvements; loans

as medium of assistance; owner

contributions; priority of projects.

(l) Amount of assistance for capital

improvements; term of loan; rate of

interest; allowance for administrative

costs and probable program losses;

nondischargeable liability; other forms

for loans.

(m) Rental payment increases; minimization of

increases.

(n) Allocation of assistance.

(o) Coordination of assistance.

(p) Enhanced voucher eligibility.

1715z-1b. Tenant participation in multifamily housing

projects.

(a) Purpose; definitions.

(b) Rights of tenants.

(c) Regulations.

1715z-1c. Regulation of rents in insured projects.

1715z-2. Special mortgage insurance assistance.

(a) Purpose.

(b) Authorization to insure mortgages meeting

requirements of section.

(c) Eligibility for insurance.

(d) Preferences in approving mortgage insurance

applications and in providing counseling

services; eligible families.

(e) Budget, debt management, and related

counseling services.

(f) Aggregate principal balance of mortgages

insured.

(g) Premium fee.

(h) Assumption of loss.

(i) Guarantees.

(j) Authorization of appropriations.

1715z-3. Special Risk Insurance Fund.

(a) Entitlement to benefits; computation and

payment of benefits to mortgagee.

(b) Creation of fund; authorization for

advancements; repayment; crediting of

charges and fees; payments from fund;

authorization of appropriations for

losses; deposits to fund; open-market

purchases of debentures which are

obligations of fund.

(c) Mortgage insurance for military impacted

areas; criteria; obligation of Special

Risk Insurance Fund; establishment of

premiums and other charges.

1715z-4. Modifications in terms of mortgages covering

multifamily projects; requests for extensions to

cure defaults or for modification of mortgage

terms; regulations.

1715z-4a. Double damages remedy for unauthorized use of

multifamily housing project assets and income.

(a) Action to recover assets or income.

(b) Initiation of proceedings and temporary

relief.

(c) Amount recoverable.

(d) Time limitation.

(e) Continued availability of other remedies.

1715z-5. Purchase of fee simple title from lessors.

(a) Authorization to insure loans for purpose

of financing purchases.

(b) Definitions.

(c) Eligibility for insurance.

(d) Applicability of other provisions of law.

1715z-6. Supplemental loans for multifamily projects.

(a) Authorization to insure; ''supplemental

loan'' defined.

(b) Eligibility for insurance.

(c) Applicability of other provisions of law.

(d) Authorization to insure loans for

improvements or additions; terms and

conditions; limitation on amount.

(e) Loan insurance for energy conserving

improvements and solar energy systems.

(f) Repealed.

(g) Extension of rental assistance for term of

loan.

1715z-7. Mortgage insurance for hospitals.

(a) Purpose.

(b) Definitions.

(c) Authorization to insure; prohibition of

premiums on guarantees of principal and

interest under title VII of the Public

Health Service Act.

(d) Insurance of mortgages covering new or

rehabilitated hospitals, including

equipment; terms and conditions.

(e) Release of part of property or project from

lien.

(f) Encouragement of programs undertaking

responsibility to provide comprehensive

health care; immediate processing of

applications for public hospitals.

(g) Insurance of mortgages providing permanent

financing or refinancing of existing

mortgage indebtedness; aggregate

principal balance of mortgages.

(h) Applicability of other laws.

1715z-8. Mortgage assistance payments for middle-income

families.

(a) Determination by Secretary of necessity;

interest subsidy payments; effective

date.

(b) Qualifications of mortgagor for assistance

payments.

(c) Termination of interest subsidy payments.

(d) Monthly mortgage payments as determining

eligibility for interest subsidy

payments; mortgage assistance payments

for middle-income cooperative members;

interest subsidy payments; applicability

of provisions to cooperative mortgagors.

(e) Amount of interest subsidy payments.

(f) Adoption of procedures for recertifications

of mortgagor's income.

(g) Regulations to assure that sales price or

other consideration paid is not increased

above appraised value.

(h) Authorization of appropriations; aggregate

amount of assistance payment contracts;

termination date.

(i) Determination of family income; exclusion

of income of minors.

(j) Insurance of mortgages executed by

mortgagors meeting eligibility

requirements for assistance payments;

issuance of commitment; eligibility

requirements for insurance.

1715z-9. Co-insurance of eligible mortgage, advance, or

loan.

(a) Authority of Secretary; request of

mortgagee; premium charges; provisions of

contract of co-insurance;

non-applicability of state insurance

laws.

(b) Inspection of construction of dwellings or

projects as prerequisite; minimum

standards or criteria applicable.

(c), (d) Repealed.

(e) Availability unaffecting insurance

otherwise authorized; criteria for

exercise of authority by Secretary.

(f) Multifamily housing project; contract

provisions; aggregate principal amount of

all mortgages insured; loans on defaulted

mortgages; insurance for state assisted

projects and projects under construction;

definitions; amount of reserves.

(g) Redesignated (f).

(h) Acceptable co-insurance provisions for

rental rehabilitation; termination date.

(i) Authority of mortgagee to assign its

interest in any note or mortgage subject

to a contract of co-insurance; terms and

conditions respecting retention of

co-insurance risk of such note or

mortgage.

(i) Annual review of, and assessment of

compliance with, requirements; report;

adjustment of requirements.

1715z-10. Graduated payment and indexed mortgages.

(a) Criteria; principal obligation limitation;

termination date.

(b) Inapplicability of principal obligation

limitations.

(c) Mortgages with monthly adjustments based on

selected price index; priority;

regulations; number.

(d) Multifamily housing.

(e) Inapplicability of State constitution,

etc., provision limiting interest or

requiring minimum amortization of

principal.

1715z-11. Sale to cooperatives of multifamily housing

projects acquired by Secretary; acceptance of

purchase money mortgage for sale or insurance of

mortgage; principal amount of mortgage;

expenditures for repairs, etc., prior to sale.

1715z-11a. Disposition of HUD-owned properties.

(a) Flexible authority for multifamily

projects.

(b) Transfer of unoccupied and substandard

housing to local governments and

community development corporations.

1715z-12. Single-family mortgage insurance on Hawaiian home

lands.

(a) One- to four-family residence; eligibility.

(b) Construction advances.

(c) Insurance of mortgage as obligation of

General Insurance Fund.

(d) ''Native Hawaiian'' and ''Hawaiian home

lands'' defined.

(e) Certification of eligibility for existing

lessees.

1715z-13. Single family mortgage insurance on Indian

reservations.

(a) One- to four-family residence; eligibility.

(b) Construction advances; percentage

limitation on amount of principal

obligation; pledge of income from tribal

resources or assets.

(c) Lack of tribal or trust fund income.

(d) Availability of tribal eviction procedures.

(e) Assumption of mortgage.

(f) Insurance of mortgage as obligation of

General Insurance Fund.

(g) Availability of status and payment history

of loans; entitlement to benefit of

insurance; reinstatement of loan upon

cure of default; garnishment proceedings;

foreclosure proceedings.

(h) Premium charge for insurance; report to

Congress.

(i) ''Indian tribe'' and ''trust or otherwise

restricted land'' defined.

1715z-13a. Loan guarantees for Indian housing.

(a) Authority.

(b) Eligible loans.

(c) Certificate of guarantee.

(d) Guarantee fee.

(e) Liability under guarantee.

(f) Transfer and assumption.

(g) Disqualification of lenders and civil money

penalties.

(h) Payment under guarantee.

(i) Indian Housing Loan Guarantee Fund.

(j) Requirements for standard housing.

(k) Environmental review.

(l) Definitions.

1715z-13b. Loan guarantees for Native Hawaiian housing.

(a) Definitions.

(b) Authority.

(c) Eligible loans.

(d) Certificate of guarantee.

(e) Guarantee fee.

(f) Liability under guarantee.

(g) Transfer and assumption.

(h) Disqualification of lenders and civil money

penalties.

(i) Payment under guarantee.

(j) Hawaiian Housing Loan Guarantee Fund.

(k) Requirements for standard housing.

(l) Applicability of civil rights statutes.

1715z-14. Risk-sharing demonstration.

(a) Demonstration mortgage risk-sharing

program; areas; number of mortgages.

(b) One- to four-family dwellings; requirements

for private mortgage insurance companies.

(c) Required contract provisions.

(d) Mortgages offered for inclusion by

Secretary.

(e) Insured community development financial

institution.

1715z-15. Limitation on prepayment of mortgages on

multifamily rental housing.

(a) Acceptance of offer to prepay;

qualifications.

(b) Approval prior to foreclosure.

(c) ''Lower income families'' defined.

1715z-16. Adjustable rate single family mortgages.

(a) One- to four-family dwellings; maximum term

of mortgage; adjustments in effective

rate of interest.

(b) Written explanation of mortgage features.

(c) Number of mortgages and loans.

(d) Adjustable rate mortgage with initial fixed

rate of interest.

1715z-17. Shared appreciation mortgages for single family

housing.

(a) One- to four-family dwellings;

requirements.

(b) Payment of mortgagee's share of net

appreciated value; ''net appreciated

value'' defined.

(c) Entitlement of mortgagee upon default.

(d) Inapplicability of State constitution,

statute, etc., limiting or prohibiting

increases in outstanding loan balance.

(e) Encouraged use of insurance by low and

moderate income families.

(f) Consumer protections and disclosure

requirements.

(g) Number of mortgages and loans.

1715z-18. Shared appreciation mortgages for multifamily

housing.

(a) Five or more family units; requirements.

(b) Payment of mortgagee's share of net

appreciated value; term of mortgage;

repayment; ''net appreciated value''

defined.

(c) Entitlement of mortgagee upon default.

(d) Maximum percentage of net appreciated

value; disclosure requirements.

(e) Inapplicability of State constitution,

statute, etc., limiting or prohibiting

increases in outstanding loan balance.

(f) Number of dwelling units.

1715z-19. Equity skimming penalty.

(a) In general.

(b) Mortgage notes described.

1715z-20. Insurance of home equity conversion mortgages for

elderly homeowners.

(a) Purpose.

(b) Definitions.

(c) Insurance authority.

(d) Eligibility requirements.

(e) Disclosures by mortgagee.

(f) Information services for mortgagors.

(g) Limitation on insurance authority.

(h) Administrative authority.

(i) Protection of homeowner and lender.

(j) Safeguard to prevent displacement of

homeowner.

(k) Insurance authority for refinancings.

(l) Waiver of up-front premiums for mortgages

to fund long-term care insurance.

(m) Funding for counseling and consumer

education and outreach.

1715z-21. Delegation of insuring authority to direct

endorsement mortgagees.

(a) Authority.

(b) Considerations.

(c) Enforcement of insurance requirements.

(d) Termination of mortgagee's authority.

(e) Requirements and procedures.

1715z-22. Multifamily mortgage credit programs.

(a) In general.

(b) Risk-sharing program.

(c) Housing finance agency program.

1715z-22a. Definitions.

SUBCHAPTER III - NATIONAL MORTGAGE ASSOCIATIONS

1716. Declaration of purposes of subchapter.

1716-1, 1716a. Repealed.

1716b. Partition of Federal National Mortgage Association

into Federal National Mortgage Association and

Government National Mortgage Association; assets

and liabilities; operations.

1717. Federal National Mortgage Association and

Government National Mortgage Association.

(a) Creation; succession; principal and other

offices.

(b) Purchase and sale of insured and

conventional mortgages; transactions in

loans and advances of credit.

(c) Administration of trusts; obligations of

departments and agencies of the United

States; exemption of interest income from

taxation; authorization of appropriations

for differential reimbursements.

1717a. Prohibition against sale of obligations by Federal

departments and agencies after June 30, 1966,

without compliance with requirements of section

1717(c) of this title or without approval by

Secretary of the Treasury; exemption.

1718. Capitalization of Federal National Mortgage

Association.

(a) Common stock; preferred stock;

transferability of shares.

(b) Fees and charges; annual transfer of

earnings to general surplus account.

(c) Capital distributions from general surplus

account; minimum capitalization levels.

(d) Institutions eligible to purchase stock.

1719. Secondary market operations.

(a) Purchase and sale of mortgages; secondary

market operations; advance of funds or

origination of loans; settlement or

extinguishment of borrower's rights.

(b) Obligations of the Corporation.

(c) Purchase of obligations by Treasury;

conditions and restrictions.

(d) Mortgage-backed securities; issuance;

maturities; rates of interest; exempt

securities; adequacy of mortgages to

permit principal and interest payments;

statement in securities.

(e) Subordinated or convertible obligations;

issuance; maturities; rate of interest;

redemption; exempt securities; debt or

obligation of United States; purchases in

open market.

(f) Prohibition on assessment or collection of

fee or charge by United States.

1720. Repealed.

1721. Management and liquidation functions of Government

National Mortgage Association.

(a) Separate accountability of assets and

liabilities.

(b) Issuance of obligations to expedite

substitution of private financing.

(c) Cutoff date as controlling purchases; total

amount of mortgages and commitments.

(d) Issuance of obligations sufficient to carry

out functions; character; purchase.

(e) Acquisition of mortgages offered by

Secretary of Housing and Urban

Development.

(f) Transfer of funds.

(g) Guarantee of principal and interest on

trust certificates and other securities;

fees and charges; subrogation; contract

for extinguishment of right, title, or

interest in mortgages; protection of

interests; full faith and credit;

commitments limited; limitation on fees

or charges.

1722. Benefits and burdens incident to administration of

functions and operations under sections 1720 and

1721.

1723. Management.

(a) Government National Mortgage Association.

(b) Federal National Mortgage Association.

1723a. General powers of Government National Mortgage

Association and Federal National Mortgage

Association.

(a) Seal, and other matters incident to

operation.

(b) Determination with respect to obligations

and expenditures.

(c) Exemption from taxation.

(d) Appointment and compensation of personnel;

use of services of other agencies.

(e) Prohibition against use of names;

injunction; damages.

(f) Preparation of forms of obligations and

certificates.

(g) Depositaries, custodians, and fiscal

agents.

(h), (i) Repealed.

(j) Audit; access to books, etc.; report of

audit.

(k) Financial reports; submission to Director;

contents.

(l) Independent audits of financial statements.

(m) Mortgage data collection and reporting

requirements.

(n) Report on housing activities; contents;

public disclosure.

(o) Affordable Housing Advisory Council.

1723b. Investment of funds.

1723c. Obligations, participations, or other instruments

as lawful investments; acceptance as security;

exempt securities.

1723d. Transfer of certain functions to Association.

1723e to 1723h. Repealed.

1723i. Civil money penalties against issuers.

(a) In general.

(b) Violations for which penalty may be

imposed.

(c) Agency procedures.

(d) Judicial review of agency determination.

(e) Action to collect penalty.

(f) Settlement by Secretary.

(g) ''Knowingly'' defined.

(h) Regulations.

(i) Deposit of penalties.

SUBCHAPTER IV - INSURANCE OF SAVINGS AND LOAN ACCOUNTS

1724 to 1730i. Repealed.

SUBCHAPTER V - MISCELLANEOUS

1731. Repealed.

1731a. Penalties.

1731b. Prohibition against transient housing.

(a) Intent of Congress.

(b) Exceptions to prohibition.

(c) Certification as to use as requisite for

insurance; exceptions to prohibition

against insuring.

(d) Enforcement by Secretary.

(e) Definitions.

(f) Investigation after notice of violation;

cease order.

(g) Prosecution by Attorney General for

continued violation.

(h) Judicial procedure for injunction or other

order.

(i) Injunctive relief for hotel owners.

(j) Jurisdiction of district courts.

1732. Separability.

1733. Application of other laws.

1734. Amendment, extension, or increase of commitment

amounts.

1735. Payment of certain funds to Treasury.

1735a. Prepayment of mortgages by nonprofit educational

institutions; refunds.

1735b. Expenditures to correct or reimburse for structural

or other major defects in mortgaged homes.

(a) Prior to beginning of construction.

(b) Mortgages insured on or after August 1,

1968, but prior to January 1, 1973;

requirements; reimbursement from seller;

insurance fund chargeable.

(c) Regulations; finality of decision.

(d) Mortgages insured on or after January 1,

1973, but prior to August 1, 1976;

requirements; reimbursement from seller;

insurance fund chargeable.

(e) Report to Congress on effective program for

protecting home buyers.

1735c. General Insurance Fund.

(a) Establishment; purpose; mortgages or loans

insurable; transfers to.

(b) Expenses chargeable to Fund.

(c) Deposit or investment of moneys; purchase

of debentures.

(d) Credits and charges to Fund.

(e) Restrictions on use of Fund.

(f) Risk assessment.

1735d. Payment of insurance benefits in cash or

debentures; borrowing money from Treasury to make

payments.

1735e. Acceptance of materials or products used in

structures.

1735e-1. Use of American materials and products.

1735f. Water and sewerage facilities.

1735f-1. Waiver of deduction on assignment of property to

Secretary in lieu of foreclosure.

1735f-2. Uniform rehabilitation standards for housing within

and without urban renewal areas.

1735f-3. Insurance of mortgage proceeds advanced during

construction or rehabilitation or prior to final

endorsement of project mortgage.

1735f-4. Minimum property standards.

1735f-5. Prohibition against discrimination on account of

sex in extension of mortgage assistance;

consideration of combined income of husband and

wife for purpose of extending mortgage credit;

definitions.

1735f-6. Secondary mortgages held by State or local

governmental agency on insured properties.

1735f-7. Exemption from State usury laws; applicability.

1735f-7a. State constitution or laws limiting mortgage

interest, discount points, and finance or other

charges; exemption for obligations made after

March 31, 1980.

(a) Applicability to loan, mortgage, credit

sale, or advance; applicability to

deposit, account, or obligation.

(b) Applicability to loan, mortgage, credit

sale, or advance made in any State after

April 1, 1980.

(c) Applicability to loan, mortgage, credit

sale, or advance secured by first lien on

residential manufactured home.

(d) Implementation of provisions applicable to

residential manufactured home.

(e) Definitions.

(f) Rules, regulations, and interpretations.

(g) Effective date.

1735f-8. Time of payment of premium charges.

1735f-9. Limitation on commitments to insure loans and

mortgages.

1735f-10. Purchaser-broker arrangement payments for insurance

purposes.

1735f-11. Review of mortgagee performance and authority to

terminate.

(a) Periodic review of mortgagee performance.

(b) Comparison with other mortgagees.

(c) Termination of mortgagee origination

approval.

1735f-12. Assurance of adequate processing of applications

for loan and mortgage insurance.

(a) State offices.

(b) Expedited procedure for RTC properties.

1735f-13. Prohibition of requirement of minimum principal

loan amount.

1735f-14. Civil money penalties against mortgagees, lenders,

and other participants in FHA programs.

(a) In general.

(b) Violations for which a penalty may be

imposed.

(c) Agency procedures.

(d) Judicial review of agency determination.

(e) Action to collect penalty.

(f) Settlement by Secretary.

(g) ''Knowingly'' defined.

(h) Regulations.

(i) Deposit of penalties in insurance funds.

1735f-15. Civil money penalties against multifamily

mortgagors.

(a) In general.

(b) Penalty for violation of agreement as

condition of transfer of physical assets,

flexible subsidy loan, capital

improvement loan, modification of

mortgage terms, or workout agreement.

(c) Other violations.

(d) Agency procedures.

(e) Judicial review of agency determination.

(f) Civil money penalties against multifamily

mortgagors, general partners of

partnership mortgagors, officers and

directors of corporate mortgagors, and

certain managing agents.

(g) Settlement by Secretary.

(h) ''Knowingly'' defined.

(i) Regulations.

(j) Deposit of penalties in insurance funds.

(k) Identity of interest managing agent.

1735f-16. Annual audited financial statements.

1735f-17. Examinations and sanctions for certain violations.

(a) Examinations and sanctions.

(b) Monitoring and review.

1735f-18. Information regarding early defaults and

foreclosures on insured mortgages.

(a) In general.

(b) Contents.

(c) Annual reports.

(d) Definitions.

1735f-19. Partial payment of claims on defaulted mortgages

and in connection with mortgage restructuring.

(a) Defaulted mortgages.

(b) Existing mortgages.

(c) Repayment.

1735f-20. Authorization of appropriations for general and

special risk insurance funds.

1735g. Mortgage relief for homeowners who are unemployed

as result of closing of Federal installation.

(a) Definitions.

(b) Application for, issuance and expiration of

certificate of moratorium.

(c) Notice to mortgagee of assumption of

mortgagor's obligation by agency; amount

of payments; suspension of payments by

mortgagor; prohibition against further

action to enforce or collect payments;

liability of mortgagor upon expiration of

certificate; notice of expiration of

certificate.

(d) Regulations.

(e) Fund for extending financial assistance to

distressed mortgagors.

1735h. Repealed.

SUBCHAPTER VI - WAR HOUSING INSURANCE

1736. Definitions.

1737. Repealed.

1738. Insurance of mortgages.

(a) Relief of housing shortage; eligibility;

limitations on time and amount.

(b) Eligibility requirements.

(c) Premium charges; payments; acceptance for

insurance; preferences; adjustments and

refunds.

(d) Conclusiveness of insurance contract as to

eligibility.

1739. Mortgage insurance benefits.

(a) Conveyance and assignment by mortgagee

after foreclosure; debentures and

certificates of claim; cost of

foreclosure.

(b) Consent to release of mortgagee or

property.

(c) Debentures; form and denomination.

(d) Debentures; execution; negotiability;

terms; tax exemptions.

(e) Certificate of claim.

(f) Division of excess proceeds.

(g) Handling and disposal of property;

settlement of claims.

(h) Mortgagor's or mortgagee's interest in

property or claim conveyed.

1740. Repealed.

1741. State taxation of realty held by Secretary.

1742. Rules and regulations.

1743. Insurance of mortgages.

(a) Additional authorization; advances during

construction.

(b) Eligibility requirements.

(c) Payments; default; insurance benefits for

mortgagee; value of mortgage; foreclosure

of mortgage.

(d) Certificates of claim; amount.

(e) Debentures; date of issuance; interest.

(f) Applicability of other provisions.

(g) Mortgages in connection with sale of

property under subchapter I, II, VIII, or

X of this chapter.

1744. Insurance of loans for manufacture of houses.

(a) Relief of housing shortage; advances.

(b) Eligibility requirements.

(c) Release of security.

(d) Payments; default; insurance benefits for

mortgagee; prerequisites; value of

mortgage.

(e) Debentures; date of issuance; interest.

(f) Applicability of other provisions.

(g) Disposal of evidence of debt, contract,

claim, personal property, or security;

collection or compromise of obligations

and rights.

(h) Premium charges; amount; manner of payment;

application fees.

(i) Insurance for accepting and discounting

promissory notes; contract provisions;

default in payments; remedies;

debentures; interest; premium charges.

1745. Insurance of mortgages on sales of Government

housing; limits and conditions; Greenbelt towns;

State housing.

1746. Insurance on mortgages on large-scale housing

projects.

(a) Additional authorization; encouragement of

cost-reduction techniques; advances.

(b) Eligibility requirements.

(c) Preferences in occupancy for veterans and

hardship cases.

(d) Applicability of other provisions.

1746a. Termination of commitment authority under this

subchapter.

SUBCHAPTER VII - INSURANCE FOR INVESTMENTS IN RENTAL HOUSING FOR

FAMILIES OF MODERATE INCOME

1747. Purpose of subchapter; authorization; terms and

conditions; expiration of insurance contract.

1747a. Eligibility for insurance.

1747b. Premium charges; fees for examination and

inspection.

1747c. Rent schedules.

1747d. Excess earnings used for amortization of original

investment.

1747e. Financial statements by Secretary.

1747f. Payment of claims; assignment of benefits by

investors.

1747g. Debentures.

(a) Acquisition of project by Secretary;

issuance of debentures.

(b) Relinquishment of project by investor.

(c) Adjustment of difference between

outstanding investment and total face

value of debentures.

(d) Termination of insurance contract by

Secretary.

(e) Issuance and execution of debentures.

(f) Terms and conditions of debentures.

(g) Exemption from taxation; exceptions;

guaranty.

(h) Payment of expenses and charges; collection

of claims.

1747h. Termination of insurance contract by investor.

1747i. Repealed.

1747j. Taxation of real property.

1747k. Rules and regulations.

1747l. Definitions.

SUBCHAPTER VIII - ARMED SERVICES HOUSING MORTGAGE INSURANCE

1748. Definitions.

1748a. Repealed.

1748b. Insurance of mortgages.

(a) Aggregate amount of insurance; termination

date.

(b) Eligibility for insurance.

(c) Premium charges.

(d) Default by mortgagor; rights of mortgagee.

(e) Debentures; issuance; form and

denomination.

(f) Debentures; execution; signature;

negotiability; interest rate; tax

exemption; guarantee.

(g) Claim certificates.

(h) Laws applicable.

(i) Secretary's additional powers to insure

certain mortgages.

(j) Conclusiveness and validity of insurance

contract.

(k) Certification as to overtime wages paid to

laborers and mechanics.

1748c. Repealed.

1748d. Lease of property; terms and conditions.

1748e. Mortgages on property in Alaska.

1748f. Rules and regulations.

1748g. Cost certification.

1748g-1, 1748h. Omitted.

1748h-1. Civilian employees of Armed Forces.

(a) Requirements; certificate of need for

housing and employment status.

(b) Certification of housing need to Secretary;

guaranty from loss; authorization of

appropriations.

(c) Economic soundness of property.

(d) Insurance benefits to which mortgagee

entitled.

(e) Payment of insurance; meaning of terms.

(f) Provisions of subchapter applicable;

termination date.

(g) Housing for persons employed by National

Aeronautics and Space Administration or

Atomic Energy Commission; guaranty from

loss; definitions.

1748h-2. Insurance of mortgages for defense housing for

impacted areas.

(a) Authorization.

(b) Eligibility requirements.

(c) Economical soundness of property or

project.

(d) Rental conditions; preferences and

priorities in the sale or rental of

dwellings.

(e) Property held by mortgagor approved by

Secretary; acquisition of stock or

interest; redemption.

(f) Mortgage limitations for multifamily rental

property or project.

(g) Mortgage limitation for property or project

constructed for eventual sale of

single-family dwellings.

(h) Amortization; interest; release of part of

mortgaged property from lien; replacement

of certain mortgages by individual

mortgages; commercial and community

facilities.

(i) Limitation on aggregate number of dwelling

units.

(j) Applicability of other laws.

(k) Aggregate amount of mortgages insured;

termination date.

1748h-3. Payments in lieu of taxes; limitations; exemption

from taxation.

1748i. Omitted.

SUBCHAPTER IX - HOUSING FOR EDUCATIONAL INSTITUTIONS

1749 to 1749c. Repealed.

1749d. Cost of inspections and of providing

representatives.

SUBCHAPTER IX-A - MORTGAGE INSURANCE FOR LAND DEVELOPMENT AND NEW

COMMUNITIES

1749aa to 1749ll. Repealed.

SUBCHAPTER IX-B - MORTGAGE INSURANCE FOR GROUP PRACTICE FACILITIES

AND MEDICAL PRACTICE FACILITIES

1749aaa. Insurance of mortgages.

(a) Authority of Secretary; termination date.

(b) Eligibility for insurance.

(c) Replacement cost of property; maturity;

amortization; interest rate.

(d) Conclusiveness of insurance contract as to

eligibility; validity of contract

incontestable.

(e) Undertaking.

(f) Recordkeeping; reports; examination and

audit.

1749aaa-1. Premiums and other charges.

1749aaa-2. Payment of insurance benefits.

1749aaa-3. Regulations.

1749aaa-4. Administration.

(a) Technical assistance.

(b) Utilization of services and facilities of

Federal agencies; payment; advances or

reimbursement.

1749aaa-5. Definitions.

SUBCHAPTER IX-C - NATIONAL INSURANCE DEVELOPMENT PROGRAM

1749bbb to 1749bbb-2. Omitted.

PART A - STATEWIDE PLANS TO ASSURE FAIR ACCESS TO INSURANCE

REQUIREMENT

1749bbb-3 to 1749bbb-6a. Omitted.

PART B - REINSURANCE COVERAGE

1749bbb-7 to 1749bbb-10. Omitted.

PART C - FEDERAL INSURANCE AGAINST BURGLARY AND THEFT

1749bbb-10a to 1749bbb-10d. Omitted.

PART D - GENERAL PROVISIONS

1749bbb-11 to 1749bbb-21. Omitted.

SUBCHAPTER X - NATIONAL DEFENSE HOUSING INSURANCE

1750. Definitions.

1750a, 1750a-1. Repealed or Omitted.

1750b. Insurance in critical areas.

(a) Limitations; termination of certain

commitments; requirements; discrimination

against children.

(b) Eligibility requirements.

(c) Premium charges; payments; needs of

national defense as prerequisite;

adjustments and refunds.

(d) Preference or priority in purchasing or

renting properties.

(e) Conclusiveness of insurance contract as to

eligibility.

1750c. Mortgage insurance benefits.

(a) Conveyance and assignment by mortgagee

after foreclosure; debentures and

certificates of claim; cost of

foreclosure.

(b) Consent to release of mortgagee or

property.

(c) Debentures; form and denomination.

(d) Debentures; execution; negotiability;

terms; tax exemptions.

(e) Certificate of claim; division of excess

proceeds.

(f) Handling and disposal of property;

settlement of claims.

(g) Mortgagor's or mortgagee's interest in

property or claim conveyed.

1750d. Repealed.

1750e. Taxation.

1750f. Rules and regulations.

1750g. Insurance of additional mortgages.

(a) Authorization.

(b) Eligibility requirements; release of part

of property.

(c) Default; debentures; cash adjustment;

certificate of claim.

(d) Certificate of claim; contents and payment.

(e) Debentures; issuance and payment in

accordance with section 1750c(c), (d) of

this title.

(f) Applicability of section 1713(k), (l) of

this title.

(g) Applications under section 1743; credit for

fees upon reapplication under this

section.

(h) Preferences.

SUBCHAPTER XI - VOLUNTARY HOME MORTGAGE CREDIT

1750aa to 1750jj. Omitted.

-SECREF-

CHAPTER REFERRED TO IN OTHER SECTIONS

This chapter is referred to in sections 1441a, 1454, 1464,

1701r-1, 1701z-7, 1701z-11, 1709a, 1715z-1a, 1715z-1c, 1715z-4a,

1715z-13b, 1715z-22, 1735f-7a, 1735g, 1786, 1831q, 2710, 3802, 4901

of this title; title 7 section 1933; title 11 section 362; title 15

sections 77ddd, 2227; title 38 section 3704; title 40 section 113;

title 42 sections 1382a, 1437f, 1490a, 1490p-2, 2322, 3012, 3535,

5407, 12709, 12852, 13632; title 48 section 1425.

-CITE-

12 USC Sec. 1701 01/06/03

-EXPCITE-

TITLE 12 - BANKS AND BANKING

CHAPTER 13 - NATIONAL HOUSING

-HEAD-

Sec. 1701. Short title

-STATUTE-

This chapter may be cited as the ''National Housing Act.''

-SOURCE-

(June 27, 1934, ch. 847, 48 Stat. 1246.)

-REFTEXT-

REFERENCES IN TEXT

This chapter, referred to in text, was in the original ''this

Act'', meaning act June 27, 1934, ch. 847, 48 Stat. 1246, as

amended, which is classified principally to this chapter (Sec. 1701

et seq.). For complete classification of this Act to the Code, see

Tables.

-MISC2-

SHORT TITLE OF 2002 AMENDMENT

Pub. L. 107-326, Sec. 1, Dec. 4, 2002, 116 Stat. 2792, provided

that: ''This Act (enacting section 1712a of this title, amending

sections 1709, 1713, 1715e, 1715k, 1715l, 1715v, 1715y, 1715z-10,

and 1721 of this title, and repealing provisions set out as a note

under section 1721 of this title) may be cited as the 'FHA

Downpayment Simplification Act of 2002'.''

SHORT TITLE OF 2000 AMENDMENTS

Pub. L. 106-569, Sec. 1(a), Dec. 27, 2000, 114 Stat. 2944,

provided that: ''This Act (see Tables for classification) may be

cited as the 'American Homeownership and Economic Opportunity Act

of 2000'.''

Pub. L. 106-569, title VIII, Sec. 801, Dec. 27, 2000, 114 Stat.

3018, provided that: ''This title (amending sections 1701q and

1715z-1 of this title and sections 8013, 13631, and 13632 of Title

42, The Public Health and Welfare, and enacting provisions set out

as notes under this section and sections 1701q and 1715z-1 of this

title) may be cited as the 'Affordable Housing for Seniors and

Families Act'.''

Pub. L. 106-281, Sec. 1, Oct. 6, 2000, 114 Stat. 865, provided

that: ''This Act (amending section 1709 of this title) may be cited

as the 'FHA Downpayment Simplification Extension Act of 2000'.''

SHORT TITLE OF 1999 AMENDMENT

Pub. L. 106-74, title V, Sec. 501(a), Oct. 20, 1999, 113 Stat.

1100, provided that: ''This title (enacting section 1701q-2 of this

title, amending sections 1701q, 1701q-2, 1715z-1, 1715z-1a,

1715z-11a, and 4113 of this title and sections 1437f and 8013 of

Title 42, The Public Health and Welfare, enacting provisions set

out as notes in sections 1701q and 1715z-1 of this title and

section 12701 of Title 42, and amending provisions set out as a

note under section 1437f of Title 42) may be cited as the

'Preserving Affordable Housing for Senior Citizens and Families

into the 21st Century Act'.''

SHORT TITLE OF 1997 AMENDMENT

Pub. L. 105-65, title V, Sec. 510, Oct. 27, 1997, 111 Stat. 1385,

provided that: ''This title (enacting section 1437z-1 of Title 42,

The Public Health and Welfare, amending sections 1708, 1715z-1,

1715z-4a, 1715z-19, 1735f-14, 1735f-15, 1735f-19, and 4565 of this

title, section 1516 of Title 18, Crimes and Criminal Procedure,

section 6103 of Title 26, Internal Revenue Code, and sections 503,

1437f, and 1437z of Title 42, enacting provisions set out as notes

under sections 1735f-14 and 1735f-15 of this title and sections

503, 1437f, and 1437z-1 of Title 42, and amending provisions set

out as notes under section 1437f of Title 42) may be cited as the

'Multifamily Assisted Housing Reform and Affordability Act of

1997'.''

SHORT TITLE OF 1996 AMENDMENT

Pub. L. 104-120, Sec. 1, Mar. 28, 1996, 110 Stat. 834, provided

that: ''This Act (enacting section 1490p-2 of Title 42, The Public

Health and Welfare, amending sections 1715z-20, 1715z-22, and 1721

of this title and sections 1437d, 1437e, 1437n, 1479, 1485,

1490p-2, and 5308 of Title 42, and enacting provisions set out as

notes under section 4101 of this title and sections 1437d, 1437f,

5305, and 12805 of Title 42) may be cited as the 'Housing

Opportunity Program Extension Act of 1996'.''

SHORT TITLE OF 1994 AMENDMENT

Pub. L. 103-233, Sec. 1(a), Apr. 11, 1994, 108 Stat. 342,

provided that: ''This Act (enacting sections 1735f-19 and 1735f-20

of this title and sections 1437x, 3547, 5321, and 12840 of Title

42, The Public Health and Welfare, amending sections 1701z-11,

1713, 1715e, 1715k, 1715y, 1715z-1a, 1715z-3, and 1735c of this

title and sections 1437a, 1437d, 1437f, 1437g, 1437l, 3535, 4852,

5301, 5304, 5305, 5308, 5318, 12704, 12744, 12745, 12750, 12833,

12838, and 12893 of Title 42, enacting provisions set out as notes

under sections 1701z-11, 1715n, and 1715z-1a of this title and

sections 5301 and 5318 of Title 42, amending provisions set out as

notes under sections 1707 and 1715z-1a of this title and section

3545 of Title 42, and repealing provisions set out as a note under

section 1701z-11 of this title) may be cited as the 'Multifamily

Housing Property Disposition Reform Act of 1994'.''

SHORT TITLE OF 1992 AMENDMENT

Pub. L. 102-550, title V, Sec. 541, Oct. 28, 1992, 106 Stat.

3794, provided that: ''This subtitle (subtitle C (Sec. 541-544) of

title V of Pub. L. 102-550, enacting sections 1715z-22 and

1715z-22a of this title) may be cited as the 'Multifamily Housing

Finance Improvement Act'.''

SHORT TITLE OF 1984 AMENDMENT

Pub. L. 98-440, Sec. 1, Oct. 3, 1984, 98 Stat. 1689, provided:

''That this Act (enacting section 77r-1 of Title 15, Commerce and

Trade, and amending sections 24, 1451, 1454, 1455, 1464, 1717,

1723, 1723a, 1723c, and 1757 of this title and sections 78c, 78g,

78h, and 78k of Title 15) may be cited as the 'Secondary Mortgage

Market Enhancement Act of 1984'.''

SHORT TITLE OF 1983 AMENDMENT

Pub. L. 98-181, Sec. 1(a), Nov. 30, 1983, 97 Stat. 1155, provided

that: ''Titles I through XI of this Act (enacting sections 635i-1,

635i-2, 635o to 635t, 1701g-5b, 1701p-1, 1701r-1, 1701z-10a,

1715z-12 to 1715z-18, and 3901 to 3912 of this title, section 1671g

of Title 19, Customs Duties, sections 276c-3, 283z-3, 285x, 285y,

286b-2, 286e-1i, 286y, 286z, 286aa to 286gg, and 290g-12 of Title

22, Foreign Relations and Intercourse, and sections 1437o to 1437q,

1490k to 1490o, and 3542 of Title 42, The Public Health and

Welfare, amending sections 635, 635a, 635a-2, 635a-3, 635a-4, 635b,

635e, 635f, 635g, 1437, 1701j-2, 1701j-3, 1701q, 1701s, 1701x,

1701z-1, 1703, 1706d, 1706e, 1707, 1709, 1710, 1713, 1715e, 1715h,

1715k, 1715l, 1715n, 1715u, 1715v, 1715w, 1715y, 1715z, 1715z-1,

1715z-1a, 1715z-5, 1715z-6, 1715z-7, 1715z-9, 1715z-10, 1721, 1735,

1735b, 1735c, 1735f-4, 1735f-8, 1735f-9, 1748h-1, 1748h-2, 1749bb,

1749aaa, 1749bbb to 1749bbb-2, 1749bbb-5 to 1749bbb-20, 1812, 2602,

2607, 2614, 2617, 2803, 2807, 2809, 2810, 3202, 3602, 3606, 3609,

3612, 3618, 3620, 3703, and 3804 of this title, sections 1671a and

1671b of Title 19, sections 262d, 286b, 286c, 286e-2, and 286q of

Title 22, sections 1437a, 1437c, 1437d, 1437f, 1437g, 1437n, 1437l,

1439, 1452, 1452b, 1456, 1471, 1472, 1474, 1476, 1479 to 1481, 1483

to 1487, 1490, 1490a, 1490c, 1490e, 1490f, 1490j, 1500c-2, 2414,

3103, 3936, 4003, 4011 to 4020, 4022 to 4025, 4026, 4027, 4041,

4051 to 4054, 4055, 4056, 4071, 4072, 4081 to 4084, 4101 to 4107,

4121 to 4123, 4127, 4128, 5301, 5302 to 5308, 5312, 5316, 5318,

6872, 8007, 8010, and 8107 of Title 42, and section 2166 of the

Appendix to Title 50, War and National Defense, repealing sections

1709-1, 1720, and 1723e of this title, section 484b of former Title

40, Public Buildings, Property, and Works, and sections 1482,

1490g, 1490i, 1500c, 3901, 3902 to 3906, 3908, 3909, 3911, 3914,

4511 to 4524, and 4528 to 4532 of Title 42, enacting provisions set

out as notes under sections 635, 635a, 635o, 1701q, 1701z-6, 1709,

1713, 1715z-14, 1720, 2602, 3620, and 3901 of this title, section

484b of former Title 40, and sections 602, 1436a, 1437a, 1437f,

1441, 1472, 1490a, 3901, 4015, 4122, 4518, 5316, and 5318 of Title

42, amending provisions set out as notes under section 5301 of

Title 42, and repealing provisions set out as notes under sections

1709-1 and 1723 of this title and sections 1437a and 3901 of Title

42) may be cited as the 'Domestic Housing and International

Recovery and Financial Stability Act'.''

Pub. L. 98-181, Sec. 1(b), Nov. 30, 1983, 97 Stat. 1155, provided

that: ''Titles I through V of this Act (enacting sections 1701g-5b,

1701p-1, 1701r-1, 1701z-10a, and 1715z-12 to 1715z-18 of this title

and sections 1437o to 1437q, 1490k to 1490o, and 3542 of Title 42,

The Public Health and Welfare, amending sections 1701j-2, 1701j-3,

1701q, 1701s, 1701x, 1701z-1, 1703, 1706d, 1706e, 1707, 1709, 1710,

1713, 1715e, 1715h, 1715k, 1715l, 1715n, 1715u, 1715v, 1715w,

1715y, 1715z, 1715z-1, 1715z-1a, 1715z-5, 1715z-6, 1715z-7,

1715z-9, 1715z-10, 1721, 1735, 1735b, 1735c, 1735f-4, 1735f-8,

1735f-9, 1748h-1, 1748h-2, 1749bb, 1749aaa, 1749bbb to 1749bbb-2,

1749bbb-5 to 1749bbb-20, 2602, 2607, 2614, 2617, 3602, 3606, 3609,

3612, 3618, 3620, 3703, and 3804 of this title, and sections 1437a,

1437c, 1437d, 1437f, 1437g, 1437n, 1437l, 1439, 1452, 1452b, 1456,

1471, 1472, 1474, 1476, 1479 to 1481, 1483 to 1487, 1490, 1490a,

1490c, 1490e, 1490f, 1490j, 1500c-2, 2414, 3103, 3936, 4003, 4011

to 4020, 4022 to 4025, 4026, 4027, 4041, 4051 to 4054, 4055, 4056,

4071, 4072, 4081 to 4084, 4101 to 4107, 4121 to 4123, 4127, 4128,

5301, 5302 to 5308, 5312, 5316, 5318, 6872, 8007, 8010, and 8107 of

Title 42, repealing sections 1709-1, 1720, and 1723e of this title,

section 484b of former Title 40, Public Buildings, Property, and

Works, and sections 1482, 1490g, 1490i, 1500c, 3901, 3902 to 3906,

3908, 3909, 3911, 3914, 4511 to 4524, and 4528 to 4532 of Title 42,

enacting provisions set out as notes under sections 1701q, 1701z-6,

1709, 1713, 1715z-14, 1720, 2602, and 3620 of this title, section

484b of former Title 40, and sections 602, 1436a, 1437a, 1437f,

1441, 1472, 1490a, 3901, 4015, 4122, 4518, 5316, and 5318 of Title

42, amending provisions set out as notes under section 5301 of

Title 42, and repealing provisions set out as notes under sections

1709-1 and 1723 of this title and sections 1437a and 3901 of Title

42) may be cited as the 'Housing and Urban-Rural Recovery Act of

1983'.''

SHORT TITLE OF 1979 AMENDMENT

Pub. L. 96-153, title III, Sec. 311(a), Dec. 21, 1979, 93 Stat.

1115, provided that: ''This section (amending section 1715z-10 of

this title) may be cited as the 'Homeownership Opportunity Act of

1979'.''

SHORT TITLE OF 1978 AMENDMENT

Pub. L. 95-630, title VII, Sec. 701, Nov. 10, 1978, 92 Stat.

3687, provided that: ''This title (amending section 1730 of this

title) may be cited as the 'Change in Savings and Loan Control Act

of 1978'.''

SHORT TITLE OF 1977 AMENDMENT

Pub. L. 95-24, Sec. 1, Apr. 30, 1977, 91 Stat. 55, provided:

''That this Act (amending sections 1706e, 1715k, 1715l, 1735c,

1749bbb, and 1749bbb-8 of this title and sections 1437c, 1437f,

1437g, and 1451 of Title 42, The Public Health and Welfare, and

enacting provisions set out as a note under section 1441 of Title

42) may be cited as the 'Supplemental Housing Authorization Act of

1977'.''

SHORT TITLE OF 1976 AMENDMENT

Pub. L. 94-375, Sec. 1, Aug. 3, 1976, 90 Stat. 1067, provided

that: ''This Act (enacting section 1701z-7 of this title, amending

sections 1464, 1701j-2, 1701q, 1701z-1 to 1701z-3, 1706e, 1713,

1715e, 1715k, 1715l, 1715v, 1715y, 1715z, 1715z-1, 1715z-6,

1715z-9, 1715z-10, 1723, 1723a, 1723e, 1735b, 1735c, 2708, 2709,

and 2710 of this title, section 5315 of Title 5, Government

Organization and Employees, section 461 of former Title 40, Public

Buildings, Property, and Works, sections 1437a, 1437c, 1437f,

1437g, 1452b, 1480, 1490, 1490a, 3535, 4056, 4106, 4127, 4521,

5303, 5305, 5307, and 5316 of Title 42, The Public Health and

Welfare, enacting provisions set out as notes under sections 1437c

and 1723e of this title, section 461 of former Title 40, and

section 1382 of Title 42, and amending provisions set out as notes

under sections 1715e and 1723e of this title) may be cited as the

'Housing Authorization Act of 1976'.''

SHORT TITLE OF 1975 AMENDMENT

Pub. L. 94-13, prec. Sec. 1, Apr. 8, 1975, 89 Stat. 68,

provided: ''That this Act (amending section 1749bbb of this title

and enacting provisions set out as a note under section 1749bbb of

this title) may be cited as the 'National Insurance Development Act

of 1975'.''

SHORT TITLE OF 1974 AMENDMENT

Pub. L. 93-449, Sec. 1, Oct. 18, 1974, 88 Stat. 1364, provided

that: ''This Act (enacting section 1723e of this title, amending

sections 347b, 1430, 1464, 1703, and 1709 of this title, enacting

provisions set out as notes under section 1723e of this title, and

amending provisions set out as a note under section 1904 of this

title) may be cited as the 'Emergency Home Purchase Assistance Act

of 1974'.''

SHORT TITLE OF 1970 AMENDMENTS

Pub. L. 91-609, Sec. 1, Dec. 31, 1970, 84 Stat. 1770, provided:

''That this Act (enacting sections 1466a, 1701z-1 to 1701z-4,

1709-2, 1735f-2, 1749bbb-6a, and 1749bbb-10a to 1749bbb-10d of this

title; sections 694a and 694b of Title 15, Commerce and Trade; and

chapter 59 (Sec. 4501 et seq. and 4511 et seq.) of Title 42, The

Public Health and Welfare; amending sections 371, 1431, 1432, 1464,

1701s, 1701x, 1703, 1712, 1715c, 1715e, 1715h, 1715l, 1715z,

1715z-1, 1715z-3, 1715z-6, 1715z-7, 1717, 1718, 1730a, 1735b to

1735d, 1748h-1, 1748h-2, 1749, 1749bb, 1749cc, 1749aaa, 1749bbb,

1749bbb-2, 1749bbb-7, 1749bbb-8, 1749bbb-11 to 1749bbb-15, 1813,

and 1817 of this title; sections 692 to 694 and 1705 of title 15;

section 617 of Title 16, Conservation; section 1014 of Title 18,

Crimes and Criminal Procedure; section 803 of Title 20, Education;

sections 461 and 484b of former Title 40, Public Buildings,

Property, and Works; and sections 1401, 1402, 1410, 1415, 1421b,

1453, 1456, 1458, 1460, 1465, 1471, 1474, 1478, 1484 to 1487, 1490,

1492, 1500 to 1500d-1, 3108, 3311, 3356, 3533, 3535, 3906, 3907,

and 3911 of Title 42; repealing sections 1701d-3 1701e, and 1701f

of this title and sections 1436, 1452a, 3372, and 3373 of Title 42;

enacting provisions set out as notes under section 694a of Title

15, and sections 1402, 1415, 1436, 1453, 1500 and 4501 of Title 42;

amending provisions set out as notes under sections 1701c, 1716b,

and 1749bbb of this title; and repealing provisions set out as

notes under sections 1464 and 1701e of this title and section 1456

of Title 42) may be cited as the 'Housing and Urban Development Act

of 1970'.''

Pub. L. 91-351, Sec. 1, July 24, 1970, 84 Stat. 450, provided:

''That this Act (enacting sections 1451 to 1459 and 1715z-8 of this

title, and section 3941 of Title 42, The Public Health and Welfare,

amending sections 82, 371, 1464, 1709-1, 1715z-3, 1717, 1719, 1720,

1726, 1730a, and 1749 of this title, and section 3906 of Title 42,

and enacting provisions set out as notes under sections 1430, 1451,

1710, and 1715z-8 of this title, and section 1452 of Title 42) may

be cited as the 'Emergency Home Finance Act of 1970'.''

SHORT TITLE OF 1969 AMENDMENT

Pub. L. 91-152, Sec. 1, Dec. 24, 1969, 83 Stat. 379, provided:

''That this Act (enacting sections 806 and 807 of Title 20,

Education, section 484b of former Title 40, Public Buildings,

Property, and Works, and sections 1490d and 4056 of Title 42, The

Public Health and Welfare, amending sections 1425, 1464, 1701q,

1701s, 1701u, 1703, 1706d, 1707, 1709, 1709-1, 1713, 1715d, 1715e,

1715h, 1715k, 1715l, 1715m, 1715n, 1715v, 1715w, 1715y, 1715z,

1715z-1, 1715z-2, 1715z-3, 1717, 1720, 1727, 1748h-1, 1748h-2,

1749, 1749bb, 1749aaa, 1749bbb-8, 1749bbb-9, and 1749bbb-15 of this

title, section 1702 of Title 15, Commerce and Trade, sections 801

to 805, and 811 of Title 20, section 461 of former Title 40,

sections 1402, 1409, 1410, 1414, 1415, 1421b, 1441c, 1451, 1452,

1452b, 1453, 1455, 1460, 1463, 1466, 1467, 1468, 1468a, 1469b,

1483, 1485, 1487, 1489, 1496, 1500a, 3102, 3108, 3311, 3356, 3371,

3372, 3911, 4001, 4012, 4022, 4102, and 4121, of Title 42, and

sections 1603 and 1604 of Title 49, Transportation, repealing

section 1488 of Title 42, and enacting provisions set out as notes

under section 1727 of this title, and section 1402 of Title 42) may

be cited as the 'Housing and Urban Development Act of 1969'.''

SHORT TITLE OF 1968 AMENDMENTS

Pub. L. 90-448, Sec. 1, Aug. 1, 1968, 82 Stat. 476, provided:

''That this Act (enacting sections 1701t to 1701z, 1715z to

1715z-7, 1716b and 1749bbb to 1749bbb-21 of this title, sections

1701 to 1720 of Title 15, Commerce and Trade, and sections 1417a,

1441a to 1441c, 1468a, 1469 to 1469c, 1490a to 1490c, 3533a, 3901

to 3914, 3931 to 3940, 4001, 4011 to 4027, 4041, 4051 to 4055,

4071, 4072, 4081 to 4084, 4101 to 4103, and 4121 to 4127 of Title

42, The Public Health and Welfare, amending sections 24, 371, 378,

1431, 1432, 1436, 1464, 1701d-4, 1701q, 1701s, 1703, 1709, 1709-1,

1715c, 1715e, 1715k to 1715o, 1715q, 1715r, 1715w to 1715y, 1716,

1717 to 1723a, 1723c, 1735c, 1735d, 1748h-2, 1749, 1749b, 1749c,

1749aaa and 1757 of this title, sections 5315 of Title 5,

Government Organization and Employees, sections 633 and 636 of

Title 15, section 709 of Title 18, Crimes and Criminal Procedure,

sections 801, 802 and 805 of Title 20, Education, section 846 of

former Title 31, Money and Finance, section 1820 (now 3720) of

Title 38, Veterans' Benefits, sections 461, 462 and 612 of former

Title 40, Public Buildings, Property and Works, section 207 of

former Title 40, Appendix, sections 1401, 1402, 1403, 1410, 1415,

1420, 1421b, 1436, 1451, 1452 to 1453, 1455, 1456, 1457, 1460,

1462, 1465 to 1468, 1483, 1484, 1492, 1500a, 1500d, 2414, 3101,

3102, 3104, 3108, 3311, 3331, 3332, 3335, 3336, 3338, 3356, 3372,

3534 and 3535 of Title 42, and sections 1603 to 1605 and 1608 of

Title 49, Transportation, repealing sections 1417, 2401 to 2413 and

2415 to 2421 of Title 42, and note set out under section 2401 of

Title 42, and enacting provisions set out as notes under this

section and sections 1701c, 1709, 1709-1, 1715z, 1715z-1, 1716b,

1717, 1721 and 1749bbb of this title, section 7313 of Title 5,

section 1701 of Title 15, and sections 1417, 1436, 1452, 1469, 3901

and 4001 of Title 42) may be cited as the 'Housing and Urban

Development Act of 1968'.''

Pub. L. 90-448, title XI, Sec. 1101, Aug. 1, 1968, 82 Stat. 555,

provided that: ''This title (enacting subchapter IX-C of chapter 13

of this title and section 3533a of Title 42, The Public Health and

Welfare, amending sections 1701s(c)(2)(E), 1709(h) and 1735d(b) of

this title, section 5315 of Title 5, Government Organization and

Employees, section 636 of Title 15, and section 1462 of Title 42,

and enacting provisions set out as a note under section 7313 of

Title 5) may be cited as the 'Urban Property Protection and

Reinsurance Act of 1968'.''

Pub. L. 90-255, Sec. 1, Feb. 14, 1968, 82 Stat. 5, provided:

''That this Act (amending section 1730a of this title) may be cited

as the 'Savings and Loan Holding Company Amendments of 1967'.''

SHORT TITLE OF 1966 AMENDMENT

Pub. L. 89-429, Sec. 1, May 24, 1966, 80 Stat. 164, provided:

''That this act (enacting section 745 of Title 20, Education,

amending sections 1717, 1720(c), 1749(d), and 1757(7) of this

title, section 1988(c) of Title 7, Agriculture, and section 743(c)

of Title 20, and enacting provisions set out as a note under

section 1717 of this title and section 262 of former Title 5,

Executive Departments and Government Officers and Employees) may be

cited as the 'Participation Sales Act of 1966'.''

SHORT TITLE OF 1965 AMENDMENT

Pub. L. 89-117, Sec. 1, Aug. 10, 1965, 79 Stat. 451, provided:

''That this Act (enacting sections 1701s and 1735c to 1735h, and

subchapter IX-A of chapter 13 of this title, subchapter IV-A of

chapter 14B of Title 15, Commerce and Trade, and sections 1421b,

1466 to 1468, 1500c-1, 1500c-2, 1500c-3, and 1487 to 1490, and

chapters 36 and 37 of Title 42, The Public Health and Welfare, and

provisions set out as notes under sections 1701d-3, 1701q, and 1749

of this title, section 462 of former Title 40, Public Buildings,

Property, and Works, and sections 1451, 1453, 1455, 1460, 1465,

1466, and 3074 of Title 42, amending sections 371, 1464, 1701q,

1701o, 1701h, 1702, 1703, 1706c, 1709, 1710, 1713, 1715, 1715c,

1715e, 1715h, 1715k, 1715l, 1715m, 1715n, 1715t, 1715v, 1715w,

1715x, 1715y, 1717, 1718, 1720, 1721, 1727, 1739, 1743, 1744,

1747f, 1747g, 1748b, 1748h, 1748h-1, 1748h-2, 1749, 1749c, 1750,

1750c, and 1750g of this title, sections 633 and 671 of Title 15,

sections 802 and 803 of Title 20, Education, sections 1804 (now

3704) and 1816 (now 3732) of Title 38, Veterans' Benefits, sections

461 and 462 of former Title 40, sections 1402, 1410, 1412, 1415,

1421a, 1422, 1451, 1452, 1452b, 1453, 1455, 1456, 1460, 1463, 1465,

1471, 1472, 1476, 1481, 1482, 1483, 1485, 1492, 1500, 1500a, 1500b,

1500c, 1500d, and 1500e of Title 42, and sections 1605 and 1608 of

Title 49, Transportation, and repealing sections 1715j, 1737, 1740,

1747i, 1748a, 1748c, 1750a and 1750d of this title) may be cited as

the 'Housing and Urban Development Act of 1965'.''

SHORT TITLE OF 1964 AMENDMENT

Pub. L. 88-560, Sec. 1, Sept. 2, 1964, 78 Stat. 769, provided:

''That this act (enacting sections 1730b, 1735a, and 1735b of this

title, sections 801 to 805 and 811 of Title 20, Education, and

sections 1452b, 1465, and 1486 of Title 42, The Public Health and

Welfare, amending sections 24, 371, 1430, 1431, 1436, 1464, 1701q,

1703, 1709, 1710, 1713, 1715c, 1715e, 1715k to 1715n, 1715r, 1715u

to 1715y, 1717, 1719 to 1721, 1723b, 1723c, 1726, 1739, 1748h-2,

1749c, and 1750c of this title, sections 636 and 637 of Title 15,

Commerce and Trade, sections 1820 and 1823 of Title 38, Veterans'

Benefits, sections 461 and 462 of former Title 40, Public

Buildings, Property and Works, and sections 1402, 1410, 1415, 1436,

1451, 1452, 1452a, 1453, 1455, 1456, 1457, 1460, 1476, 1481 to

1483, 1485, 1492, 1500a, and 1504a of Title 42, and enacting

provisions set out as notes under section 1713 of this title,

section 461 of former Title 40, and sections 1415, 1451, 1455,

1460, and 1465 of Title 42) may be cited as the 'Housing Act of

1964'.''

SHORT TITLE OF 1962 AMENDMENT

Pub. L. 87-723, Sec. 1, Sept. 28, 1962, 76 Stat. 670, provided:

''That this Act (enacting this section and section 1485 of Title

42, The Public Health and Welfare, and amending sections 84 and

1701q of this title and sections 1471, 1472, 1474, 1476 and 1481 of

Title 42) may be cited as the 'Senior Citizens Housing Act of

1962.' ''

SHORT TITLE OF 1961 AMENDMENT

Pub. L. 87-70, Sec. 1, June 30, 1961, 75 Stat. 149, provided:

''That this Act (enacting sections 1715x and 1715y of this title

and sections 1436, 1484, 1497 and 1500 to 1500e of Title 42, The

Public Health and Welfare, amending sections 371, 1464, 1701c,

1701q, 1703, 1709, 1710, 1713, 1715, 1715c, 1715e, 1715h, 1715j,

1715k, 1715l, 1715n, 1715o, 1715q, 1715r, 1715t, 1715v, 1715w,

1717, 1718, 1719, 1720, 1721, 1723a, 1723b, 1748b, 1748h-2, 1749,

1749b, 1749c, and 1750jj of this title, section 631, 633 and 636 of

Title 15, Commerce and Trade, sections 461 and 462 of former Title

40, Public Buildings, Property, and Works, and sections 1402, 1410,

1415, 1421, 1421a, 1434, 1451, 1452, 1453, 1454, 1455, 1456, 1457,

1460, 1463, 1471, 1472, 1476, 1477, 1478, 1481, 1482, 1483, 1491,

1492, 1493, and 1594i of Title 42, and amending provisions set out

as a note under section 1592c of Title 42) may be cited as the

'Housing Act of 1961'.''

SHORT TITLE OF 1959 AMENDMENT

Pub. L. 86-372, Sec. 1, Sept. 23, 1959, 73 Stat. 654, provided:

''That this Act (enacting sections 1701q, 1715t to 1715w, and

1748-2 of this title, and section 1463 of Title 42, The Public

Health and Welfare, amending sections 24, 1464, 1703, 1706c, 1709,

1710, 1713, 1715c to 1715e, 1715h, 1715k-1715m, 1715r, 1717, 1719

to 1721, 1723b, 1731a, 1747, 1748b, 1748g, 1748h-1, 1749, 1749a,

1749c, and 1750jj of this title, sections 461 and 462 of former

Title 40, Public Buildings, Property and Works, and sections 1401,

1402, 1410, 1415, 1450, 1451, 1452, 1453, 1455, 1456, 1457, 1460,

1586, 1594a and 1594j of Title 42, repealing section 1715i of this

title, and enacting provisions set out as notes under sections 1720

and 1721 of this title and under sections 1456, 1460, 1476 and

1592c of Title 42) may be cited as the 'Housing Act of 1959'.''

SHORT TITLE OF 1956 AMENDMENT

Act Aug. 7, 1956, ch. 1029, Sec. 1, 70 Stat. 1091, provided:

''That this Act (enacting sections 1701d-3 and 1701h-1, of this

title and sections 1462, 1496, 1589d, and 1594f of Title 42, The

Public Health and Welfare; amending sections 1464, 1703, 1709,

1713, 1715e, 1715h, 1715k, 1715l, 1715r, 1717 to 1721, 1748, 1748b

and 1749 of this title; section 694l of former Title 38, Pensions,

Bonuses, and Veterans' Relief; section 461 of former Title 40,

Public Buildings, Property, and Works; and sections 1402, 1410,

1412, 1415, 1421, 1451, 1452, 1454, 1455, 1456, 1460, 1481 to 1483,

1594, 1594a, 1594b, 1594c of Title 42; repealing section 1411b of

Title 42; and enacting provisions set out as notes under section

1703 of this title and under sections 1481, 1592c and 1594 of Title

42) may be cited as the 'Housing Act of 1956'.''

SHORT TITLE OF 1955 AMENDMENT

Act Aug. 11, 1955, ch. 783, Sec. 1, 69 Stat. 635, provided:

''That this Act (enacting section 1701d-2 of this title and

sections 1491 to 1495 and 1594 to 1594e of Title 42, The Public

Health and Welfare; amending sections 1426, 1427, 1437, 1464, 1703,

1710, 1713, 1715e, 1715h, 1715k, 1715l, 1715n, 1715r, 1720, 1726,

1729, 1739, 1748 to 1748g, 1749, 1749c of this title; section 462

of former Title 40, Public Buildings, Property, and Works; sections

1410, 1451, 1453, 1456, 1460, 1481 to 1483, 1585 and 1591c of Title

42; and sections 480, 480a, 721, 721a, 910, 910a, 1408, 1408b, and

1408c of Title 48, Territories and Insular Possessions; repealing

sections 1748g-1 and 1748h of this title; and enacting provisions

set out as notes under sections 1426, 1715e, and 1749 of this

title; section 1594 of Title 42; and under sections 480 and 1408 of

Title 48) may be cited as the 'Housing Amendments of 1955'.''

Act Aug. 11, 1955, ch. 783, title III, Sec. 304, 69 Stat. 646,

provided that the amendments to sections 1749 and 1749c of this

title by act Aug. 11, 1955, may be cited as the ''College Housing

Amendments of 1955''.

SHORT TITLE OF 1954 AMENDMENT

Act Aug. 2, 1954, ch. 649, Sec. 1, 68 Stat. 590, provided: ''That

this Act (enacting sections 1701j-1, 1701n to 1701p, 1702a, 1715k

to 1715s, 1722 to 1723d, 1731a, 1731b, 1746a and 1750aa to 1750jj

of this title; sections 460 to 462 of former Title 40, Public

Buildings, Property, and Works; and sections 1411d, 1434, 1435,

1446, 1450, 1452a, 1455a, and 1589c of Title 42, The Public Health

and Welfare; amending sections 24, 1430, 1431, 1436, 1464, 1701,

1703, 1706c, 1709, 1710, 1711, 1713, 1715c, 1715e, 1715h, 1715j,

1716, 1717 to 1721, 1725, 1728, 1729, 1730, 1748b, 1749, 1750b,

1750c and 1750g of this title; section 709 of Title 18, Crimes and

Criminal Procedure; section 272 of Title 20, Education; section

694a of former Title 38, Pensions, Bonuses, and Veterans' Relief;

section 459 of former Title 40; and sections 1407, 1410, 1415,

1416, 1451, 1452, 1453, 1454, 1455, 1456, 1457, 1459, 1460, 1481 to

1483, 1585, 1587, 1591c and 1592a of Title 42; repealing sections

1701j, 1706, 1716-1 and 1716a of this title; section 456 of former

Title 40; sections 1451a, 1461 and 1551 of Title 42; and sections

484e, 724, and 1426 of Title 48, Territories and Insular

Possessions; and enacting provisions set out as notes under

sections 1703, 1710, 1715n, 1715s, and 1716 of this title; section

846 of former Title 31, Money and Finance; and under sections 1434,

1446, and 1450 of Title 42) may be cited as the 'Housing Act of

1954'.''

Section 201 of act Aug. 2, 1954, which generally amended

subchapter III of this chapter, provided by section 312 of act June

27, 1934, as added to that act by section 201, that subchapter III

of this chapter, may be referred to as the ''Federal National

Mortgage Association Charter Act''.

SHORT TITLE OF 1953 AMENDMENT

Act June 30, 1953, ch. 170, Sec. 1, 67 Stat. 121, provided:

''This Act (enacting sections 1715j and 1735 of this title, and

sections 723 and 1425 of Title 48, Territories and Insular

Possessions; amending sections 1701j, 1706c(b), 1709, 1711(c)(i),

1715d, 1715e(d), 1715h, 1716(a), 1716-1, 1717, 1748b(a), (b),

1749(a), 1750b(a), and 1750g(b) of this title, sections 1402(10),

1456(e), 1460(g), 1591(a), 1591c, 1592d(c), and 1592n(e) of Title

42, The Public Health and Welfare, and section 2166(c) of the

Appendix to Title 50, War and National Defense; and enacting

provisions set out as a note under section 1463 of this title,

relating to dissolution and abolishment of the Home Owners' Loan

Corporation) may be cited as the 'Housing Amendments of 1953'.''

SHORT TITLE OF 1952 AMENDMENT

Act July 14, 1952, ch. 723, Sec. 1, 66 Stat. 601, provided that:

''This Act (enacting sections 1701m, 1706d, and 1715i of this title

and amending sections 1422, 1423, 1464, 1466, 1701g-2, 1707, 1713,

1715d, 1715h, 1716, 1717, 1726, 1736, 1745, 1747l, 1748, and 1750b

of this title; sections 1481 to 1483, 1589a, 1592a, 1592l, and 1593

of Title 42, The Public Health and Welfare; and sections 484 and

484d of Title 48, Territories and Insular Possessions) may be cited

as the 'Housing Act of 1952'.''

SHORT TITLE OF 1950 AMENDMENT

Act Apr. 20, 1950, ch. 94, Sec. 1, 64 Stat. 48, provided that

''This Act (enacting sections 1701j to 1701l, 1715e, 1715f, and

1749 to 1749c of this title and sections 1581 to 1589 and 1590 of

Title 42, The Public Health and Welfare; amending sections 371,

1430, 1701c, 1703, 1705, 1706, 1706b, 1706c, 1707 to 1709, 1710 to

1715, 1715b, 1715c, 1716, 1717, 1720, 1721, 1736 to 1746, 1747 to

1747c, and 1747e to 1747l of this title, section 1017 of Title 7,

Agriculture, section 604 of Title 15, Commerce and Trade, and

sections 1412, 1521 to 1524, 1532, 1533, 1542 to 1548, 1552, 1553,

1561, 1571, 1572, and 1575 of Title 42; and enacting provisions set

out as notes under sections 1701, 1701k, 1703, and 1709 of this

title, section 1017 of Title 7, and section 1412 of Title 42) may

be cited as the 'Housing Act of 1950'.''

SHORT TITLE OF 1948 AMENDMENT

Act Aug. 10, 1948, ch. 832, Sec. 1, 62 Stat. 1268, provided that:

''This Act (enacting sections 1701c, 1701e to 1701g-3, 1702, 1703,

1709, 1710, 1713, 1716, 1738, 1743 to 1746, and 1747 to 1747l of

this title; section 846 of former Title 31, Money and Finance;

section 694 of former Title 38, Pensions, Bonuses, and Veterans'

Relief; and section 1404a of Title 42, The Public Health and

Welfare) may be cited as the 'Housing Act of 1948'.''

REGULATIONS

Pub. L. 106-569, title VIII, Sec. 802, Dec. 27, 2000, 114 Stat.

3018, provided that: ''The Secretary of Housing and Urban

Development (referred to in this title as the 'Secretary') shall

issue any regulations to carry out this title (see section 801 of

Pub. L. 106-569, set out as a Short Title of 2000 Amendment note

above) and the amendments made by this title that the Secretary

determines may or will affect tenants of federally assisted housing

only after notice and opportunity for public comment in accordance

with the procedure under section 553 of title 5, United States

Code, applicable to substantive rules (notwithstanding subsections

(a)(2), (b)(B), and (d)(3) of such section). Notice of such

proposed rulemaking shall be provided by publication in the Federal

Register. In issuing such regulations, the Secretary shall take

such actions as may be necessary to ensure that such tenants are

notified of, and provided an opportunity to participate in, the

rulemaking, as required by such section 553.''

PREFERENCES FOR NATIVE HAWAIIANS ON HAWAIIAN HOME LANDS UNDER HUD

PROGRAMS

Secretary of Housing and Urban Development to provide a

preference to native Hawaiians for housing assistance programs

under this chapter for housing located on Hawaiian home lands, see

section 958 of Pub. L. 101-625, set out as a note under section

1437f of Title 42, The Public Health and Welfare.

LIMITATION ON WITHHOLDING OR CONDITIONING OF ASSISTANCE

Assistance provided for in Housing and Community Development Act

of 1974, National Housing Act, United States Housing Act of 1937,

Housing Act of 1949, Demonstration Cities and Metropolitan

Development Act of 1966, and Housing and Urban Development Acts of

1965, 1968, 1969, and 1970 not to be withheld or made subject to

conditions by reason of tax-exempt status of obligations issued or

to be issued for financing of assistance, except as otherwise

provided by law, see section 817 of Pub. L. 93-383, set out as a

note under section 5301 of Title 42, The Public Health and Welfare.

-CITE-

12 USC Sec. 1701a 01/06/03

-EXPCITE-

TITLE 12 - BANKS AND BANKING

CHAPTER 13 - NATIONAL HOUSING

-HEAD-

Sec. 1701a. Short title of amendment of 1938

-STATUTE-

The Act of February 3, 1938, ch. 13, 52 Stat. 8, may be cited as

the ''National Housing Act Amendments of 1938.''

-SOURCE-

(Feb. 3, 1938, ch. 13, Sec. 1, 52 Stat. 8.)

-REFTEXT-

REFERENCES IN TEXT

The National Housing Act Amendments of 1938, referred to in text,

enacted sections 1715a, 1715b, and 1733 of this title and amended

sections 24, 1703, 1707 to 1709, 1710 to 1715, 1716, 1717, 1718,

and section 1731 (see sections 433, 493, 657, 1006, and 1008 to

1010 of Title 18, Crimes and Criminal Procedure) of this title.

-COD-

CODIFICATION

Section was enacted as part of the National Housing Act

Amendments of 1938, and not as part of the National Housing Act

which comprises this chapter.

-CITE-

12 USC Sec. 1701b 01/06/03

-EXPCITE-

TITLE 12 - BANKS AND BANKING

CHAPTER 13 - NATIONAL HOUSING

-HEAD-

Sec. 1701b. Short title of amendment of 1942

-STATUTE-

The Act of May 26, 1942, ch. 319, 56 Stat. 301, may be cited as

the ''National Housing Act Amendments of 1942''.

-SOURCE-

(May 26, 1942, ch. 319, Sec. 15, 56 Stat. 305.)

-REFTEXT-

REFERENCES IN TEXT

The National Housing Act Amendments of 1942, referred to in text,

enacted section 1743 of this title, amended heading of subchapter

VI of this chapter (preceding section 1736 of this title), amended

sections 1703, 1715c, 1737, 1738, 1739, and 1740 of this title, and

enacted provisions set out as a note under section 1743 of this

title.

-COD-

CODIFICATION

Section was enacted as part of the National Housing Act

Amendments of 1942, and not as part of the National Housing Act

which comprises this chapter.

-CITE-

12 USC Sec. 1701c 01/06/03

-EXPCITE-

TITLE 12 - BANKS AND BANKING

CHAPTER 13 - NATIONAL HOUSING

-HEAD-

Sec. 1701c. Secretary of Housing and Urban Development

-STATUTE-

In carrying out his functions, powers, and duties -

(a) Employment of personnel; delegation of functions

The Secretary of Housing and Urban Development may appoint such

officers and employees as he may find necessary, which appointments

shall be subject to the civil-service laws and chapter 51 and

subchapter III of chapter 53 of title 5. The Secretary may make

such expenditures as may be necessary to carry out his functions,

powers, and duties, and there are authorized to be appropriated to

the Secretary, out of any moneys in the Treasury not otherwise

appropriated, such sums as may be necessary to carry out such

functions, powers, and duties and for administrative expenses in

connection therewith. The Secretary, without in any way relieving

himself from final responsibility, may delegate any of his

functions and powers to such officers, agents, or employees as he

may designate, may authorize such successive redelegations of such

functions and powers, as he may deem desirable, and may make such

rules and regulations as may be necessary to carry out his

functions, powers, and duties.

(b) Omitted

(c) Additional powers and duties of Secretary and Federal Home Loan

Bank Board

The Secretary of Housing and Urban Development and the Director

of the Office of Thrift Supervision, respectively, may, in addition

to and not in derogation of any powers and authorities conferred

elsewhere in this Act.

(1) with the consent of the agency or organization concerned,

accept and utilize equipment, facilities, or the services of

employees of any Federal, State, or local public agency or

instrumentality, educational institution, or nonprofit agency or

organization and, in connection with the utilization of such

services, may make payments for transportation while away from

their homes or regular places of business and per diem in lieu of

subsistence en route and at place of such service, in accordance

with the provisions of section 5703 of title 5;

(2) utilize, contract with and act through, without regard to

section 5 of title 41, any Federal, State, or local public agency

or instrumentality, educational institution, or non-profit agency

or organization with the consent of the agency or organization

concerned, and any funds available to said officers for carrying

out their respective functions, powers, and duties shall be

available to reimburse or pay any such agency or organization;

and, whenever in the judgment of any such officer necessary, he

may make advance, progress, or other payments with respect to

such contracts without regard to the provisions of subsections

(a) and (b) of section 3324 of title 31; and

(3) make expenditures for all necessary expenses, including

preparation, mounting, shipping, and installation of exhibits;

purchase and exchange of technical apparatus; and such other

expenses as may, from time to time, be found necessary in

carrying out their respective functions, powers, and duties:

Provided, That funds made available for administrative expenses

in carrying out the functions, powers, and duties imposed upon

the Secretary of Housing and Urban Development and the Federal

Home Loan Bank Board, (FOOTNOTE 1) respectively, by or pursuant

to law may at their option be consolidated into a single

administrative expense fund accounts of such officer or agency

for expenditure by them, respectively, in accordance with the

provisions hereof.

(FOOTNOTE 1) So in original. Probably should refer to the

Director of the Office of Thrift Supervision.

(d) Use of funds for library memberships

The Secretary of Housing and Urban Development may utilize funds

made available to him for salaries and expenses for payment in

advance for dues or fees for library memberships in organizations

(or for membership of the individual librarians in organizations

which will not accept library membership) whose publications are

available to members only, or to members at a price lower than to

the general public, and for payment in advance for publications

available only upon that basis or available at a reduced price on

prepublication order.

-SOURCE-

(Aug. 10, 1948, ch. 832, title V, Sec. 502, 62 Stat. 1283; Oct. 28,

1949, ch. 782, title XI, Sec. 1106(a), 63 Stat. 972; Apr. 20, 1950,

ch. 94, title V, Sec. 503, 64 Stat. 80; Pub. L. 87-70, title IX,

Sec. 909, June 30, 1961, 75 Stat. 192; Pub. L. 90-19, Sec.

5(d)(1)-(3), (8)-(13), May 25, 1967, 81 Stat. 21; Pub. L. 98-479,

title II, Sec. 202(b), 203(c), Oct. 17, 1984, 98 Stat. 2228, 2229;

Pub. L. 100-242, title V, Sec. 570(a)(1), (3), Feb. 5, 1988, 101

Stat. 1949, 1950; Pub. L. 101-73, title III, Sec. 306, Aug. 9,

1989, 103 Stat. 352.)

-REFTEXT-

REFERENCES IN TEXT

The civil service laws, referred to in subsec. (a), are set forth

in Title 5, Government Organization and Employees. See,

particularly, section 3301 et seq. of that title.

This Act, referred to in subsec. (c), is act Aug. 10, 1948, ch.

832, 62 Stat. 1268, as amended, known as the Housing Act of 1948.

For complete classification of this Act to the Code, see Short

Title of 1948 Amendments note set out under section 1701 of this

title and Tables.

-COD-

CODIFICATION

Subsec. (b) of section 502 of act Aug. 10, 1948, is set out as

section 1404a of Title 42, The Public Health and Welfare.

Section was enacted as part of the Housing Act of 1948, and not

as part of the National Housing Act which comprises this chapter.

-MISC3-

AMENDMENTS

1989 - Subsec. (c). Pub. L. 101-73, Sec. 306(a), which directed

the substitution of ''Director of the Office of Thrift

Supervision'' for ''Federal Home Loan Bank Board (which term as

used in this section shall also include and refer to the Federal

Savings and Loan Insurance Corporation, the Home Owners Loan

Corporation, and the Chairman of the Federal Home Loan Bank

Board)'', was executed as directed, except that ''Home Owners' ''

rather than ''Home Owners'' appeared in the original in the

language struck out.

Subsec. (c)(1). Pub. L. 101-73, Sec. 306(b), substituted ''of any

Federal, State, or local'' for ''of any State or local''.

1988 - Subsec. (a). Pub. L. 100-242, Sec. 570(a)(1), struck out

''The Secretary of Commerce or his designee shall hereafter be

included in the membership of the National Housing Council.''

Subsec. (c)(2). Pub. L. 100-242, Sec. 570(a)(3), inserted ''and''

at end.

1984 - Subsec. (a). Pub. L. 98-479, Sec. 202(b)(1), substituted

''chapter 51 and subchapter III of chapter 53 of title 5'' for

''the Classification Act of 1949, as amended''.

Subsec. (c)(1). Pub. L. 98-479, Sec. 202(b)(2), substituted

''section 5703 of title 5'' for ''5 U.S.C. 73b-2''.

Subsec. (c)(2). Pub. L. 98-479, Sec. 203(c), substituted

''subsections (a) and (b) of section 3324 of title 31'' for

''section 3648 of the Revised Statutes (31 U.S.C. 529)''.

1967 - Subsec. (a). Pub. L. 90-19, Sec. 5(d)(1)-(3), substituted

''Secretary of Housing and Urban Development'' for ''Housing and

Home Finance Administrator'' and ''Secretary'' for

''Administrator'' wherever appearing, and struck out provision for

preparation of official seal and judicial notice thereof.

Subsec. (c). Pub. L. 90-19, Sec. 5(d)(8), (9), substituted

''Secretary of Housing and Urban Development and the Federal Home

Loan Bank Board'' for ''Housing and Home Finance Administrator, the

Home Loan Bank Board'' where it first appears and ''Federal Home

Loan Bank Board'' for ''Home Loan Bank Board, the Federal Housing

Commissioner, and the Public Housing Commissioner''.

Subsec. (c)(3). Pub. L. 90-19, Sec. 5(d)(10), (11), substituted

''Secretary of Housing and Urban Development and the Federal Home

Loan Bank Board'' and ''such officer or agency'' for ''Housing and

Home Finance Administrator, the Home Loan Bank Board, the Federal

Housing Commissioner, and the Public Housing Commissioner'' and

''said officers or agencies''.

Subsec. (d). Pub. L. 90-19, Sec. 5(d)(12), (13), substituted

''Secretary of Housing and Urban Development may utilize funds made

available to him'' for ''Housing and Home Finance Administrator,

the Federal Housing Commissioner and the Public Housing

Commissioner, respectively, may utilize funds made available to

them'' and struck out ''of the respective agencies'' after

''librarians''.

1961 - Subsec. (c)(3). Pub. L. 87-70, Sec. 909(1), struck out

provisions which made section 5 of title 41 inapplicable to any

purchase or contract by officers (or their agencies) for services

or supplies if the amount thereof does not exceed $300.

Subsec. (d). Pub. L. 87-70, Sec. 909(2), added subsec. (d).

1950 - Act Apr. 20, 1950, amended third sentence of subsec. (a)

to authorize the Administrator to permit redelegation of functions

and powers which he had delegated previously to officers, agents,

and employees but this does not relieve him of any final

responsibility, and inserted ''or pay'' after ''reimburse'' in

subsec. (c)(2).

1949 - Subsec. (a). Act Oct. 28, 1949, substituted

''Classification Act of 1949'' for ''Classification Act of 1923''.

REPEALS

Act Oct. 28, 1949, ch. 782, cited as a credit to this section,

was repealed (subject to a savings clause) by Pub. L. 89-554, Sept.

6, 1966, Sec. 8, 80 Stat. 632, 655.

-TRANS-

TRANSFER OF FUNCTIONS

Federal Home Loan Bank Board abolished and functions transferred,

see sections 401 to 406 of Pub. L. 101-73, set out as a note under

section 1437 of this title.

EMERGENCY PREPAREDNESS FUNCTIONS

For assignment of certain emergency preparedness functions to

Secretary of Housing and Urban Development, see Parts 1, 2, and 9

of Ex. Ord. No. 12656, Nov. 18, 1988, 53 F.R. 47491, set out as a

note under section 5195 of Title 42, The Public Health and Welfare.

-MISC5-

ANNUAL REPORT ON AREAS OF PROGRAM ADMINISTRATION AND MANAGEMENT

WHICH REQUIRE IMPROVEMENT

Pub. L. 90-448, Sec. 5, Aug. 1, 1968, 82 Stat. 477, as amended by

Pub. L. 91-609, title IX, Sec. 918, Dec. 31, 1970, 84 Stat. 1816,

directed Secretary to report annually to Committees on Banking and

Currency of House and Senate, identifying specific areas of program

administration and management which require improvement, describing

actions taken and proposed, and recommendations for legislation,

prior to repeal by Pub. L. 93-608, Sec. 1(9), Jan. 2, 1975, 88

Stat. 1968.

-EXEC-

EXECUTIVE ORDER NO. 11196

Ex. Ord. No. 11196, Feb. 2, 1965, 30 F.R. 1171, which delegated

functions to Housing and Home Finance Administrator, was revoked by

Ex. Ord. No. 12553, Feb. 25, 1986, 51 F.R. 7237.

-SECREF-

SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in section 1701z-2 of this title.

-CITE-

12 USC Sec. 1701c-1 01/06/03

-EXPCITE-

TITLE 12 - BANKS AND BANKING

CHAPTER 13 - NATIONAL HOUSING

-HEAD-

Sec. 1701c-1. Omitted

-COD-

CODIFICATION

Section, act June 24, 1954, ch. 359, title I, Sec. 101, 68 Stat.

283, provided for promotion of economy, efficiency and fidelity in

operations of Housing and Home Finance Agency by its Administrator,

on and after June 24, 1954, under Reorg. Plan No. 3 of 1947, eff.

July 27, 1947, 12 F.R. 4981, 61 Stat. 954, set out in the Appendix

to Title 5, Government Organization and Employees, through

assignment and reassignment of functions, reorganizations, and

reallocation and transfers of administrative expense funds and

authority. Functions, powers, and duties of such agency, its head

and other officers were transferred to and vested in the Secretary

of Housing and Urban Development by Pub. L. 89-174, Sec. 5, Sept.

9, 1965, 79 Stat. 669, classified to section 3534 of Title 42, The

Public Health and Welfare.

-CITE-

12 USC Sec. 1701d 01/06/03

-EXPCITE-

TITLE 12 - BANKS AND BANKING

CHAPTER 13 - NATIONAL HOUSING

-HEAD-

Sec. 1701d. Repealed. Pub. L. 89-554, Sec. 8(a), Sept. 6, 1966, 80

Stat. 655

-MISC1-

Section, acts Aug. 10, 1948, ch. 832, title V, Sec. 501(a), 62

Stat. 1283; Oct. 15, 1949, ch. 695, Sec. 3, 63 Stat. 880, provided

for compensation of Housing and Home Finance Administrator.

-CITE-

12 USC Sec. 1701d-1, 1701d-2 01/06/03

-EXPCITE-

TITLE 12 - BANKS AND BANKING

CHAPTER 13 - NATIONAL HOUSING

-HEAD-

Sec. 1701d-1, 1701d-2. Repealed. Pub. L. 90-19, Sec. 6(i), 12(a),

May 25, 1967, 81 Stat. 22, 23

-MISC1-

Section 1701d-1, act July 15, 1949, ch. 338, title VI, Sec. 605,

63 Stat. 440, provided for appointment and duties of a Deputy

Housing and Home Finance Administrator, including status of acting

Administrator during absence, disability, or vacancy in office.

Section 1701d-2, act Aug. 11, 1955, ch. 783, title I, Sec. 113,

69 Stat. 642, prescribed compensation of Community Facilities

Commissioner at same rate established for heads of constituent

agencies of the Housing and Home Finance Agency. See section 5315

of Title 5, Government Organization and Employees. Section was

previously repealed by Pub. L. 89-554, Sec. 8(a), Sept. 6, 1966, 80

Stat. 658.

-CITE-

12 USC Sec. 1701d-3 01/06/03

-EXPCITE-

TITLE 12 - BANKS AND BANKING

CHAPTER 13 - NATIONAL HOUSING

-HEAD-

Sec. 1701d-3. Repealed. Pub. L. 91-609, title V, Sec. 503(3), Dec.

31, 1970, 84 Stat. 1785

-MISC1-

Section, acts Aug. 7, 1956, ch. 1029, title VI, Sec. 602, 70

Stat. 1113; May 25, 1967, Pub. L. 90-19, Sec. 13(b), 81 Stat. 24;

Aug. 12, 1970, Pub. L. 91-375, Sec. 6(e), 84 Stat. 776, related to

research and provided for: authorization for specific programs;

contracts and working agreements, amount of authorization,

appropriations, duration of contract, and unexpended balances of

appropriations; dissemination of data; acquisition and use of data;

and authority of Secretary. See sections 1701z-1 to 1701z-4 of this

title.

-CITE-

12 USC Sec. 1701d-4 01/06/03

-EXPCITE-

TITLE 12 - BANKS AND BANKING

CHAPTER 13 - NATIONAL HOUSING

-HEAD-

Sec. 1701d-4. Exchange and assembly of housing and urban planning

and development data; payment of expenses; acceptance of funds,

services, facilities, materials, and other donations; approval

of Secretary of State for international programs and activities

-STATUTE-

(a) The Secretary of Housing and Urban Development may exchange

data relating to housing and urban planning and development with

other nations and assemble such data from other nations, through

participation in international conference and other means, where

such exchange or assembly is deemed by him to be beneficial in

carrying out his responsibilities under the Department of Housing

and Urban Development Act (42 U.S.C. 3531 et seq.) or other

legislation. In carrying out his responsibilities under this

subsection the Secretary may -

(1) pay the expenses of participation in activities conducted

under authority of this section including, but not limited to,

the compensation, travel expenses, and per diem in lieu of

subsistence of persons serving in an advisory capacity while away

from their homes or regular places of business in connection with

attendance at international meetings and conferences, or other

travel for the purpose of exchange or assembly of data relating

to housing and urban planning and development; but such travel

expenses shall not exceed those authorized for regular officers

and employees traveling in connection with said activities; and

(2) accept from international organizations, foreign countries,

and private nonprofit foundations, funds, services, facilities,

materials, and other donations to be utilized jointly in carrying

out activities under this section.

(b) International programs and activities carried out by the

Secretary under the authority provided in subsection (a) of this

section shall be subject to the approval of the Secretary of State

for the purpose of assuring that such authority shall be exercised

in a manner consistent with the foreign policy of the United

States.

-SOURCE-

(Pub. L. 85-104, title VI, Sec. 604, July 12, 1957, 71 Stat. 305;

Pub. L. 90-19, Sec. 14(b), May 25, 1967, 81 Stat. 24; Pub. L.

90-448, title XVII, Sec. 1709, Aug. 1, 1968, 82 Stat. 606.)

-REFTEXT-

REFERENCES IN TEXT

The Department of Housing and Urban Development Act, referred to

in subsec. (a), is Pub. L. 89-174, Sept. 9, 1965, 79 Stat. 667, as

amended, which is classified generally to chapter 44 (Sec. 3531 et

seq.) of Title 42, The Public Health and Welfare. For complete

classification of this Act to the Code, see Short Title note set

out under section 3531 of Title 42 and Tables.

-COD-

CODIFICATION

Section was enacted as part of the Housing Act of 1957, and not

as part of the National Housing Act which comprises this chapter.

-MISC3-

AMENDMENTS

1968 - Pub. L. 90-448 designated existing provisions as subsec.

(a), inserted reference to assembly of data from other nations, and

authorized payment of expenses of participation in activities

conducted under authority of this section, and acceptance from

international organizations, foreign countries, and private

nonprofit foundations of funds, services, facilities, materials and

other donations to be utilized jointly, and added subsec. (b).

1967 - Pub. L. 90-19 substituted ''Secretary of Housing and Urban

Development'' and ''Department of Housing and Urban Development''

for ''Housing and Home Finance Administrator'' and ''Housing and

Home Finance Agency'', respectively.

-CITE-

12 USC Sec. 1701e, 1701f 01/06/03

-EXPCITE-

TITLE 12 - BANKS AND BANKING

CHAPTER 13 - NATIONAL HOUSING

-HEAD-

Sec. 1701e, 1701f. Repealed. Pub. L. 91-609, title V, Sec. 503(1),

Dec. 31, 1970, 84 Stat. 1785

-MISC1-

Section 1701e, acts Aug. 10, 1948, ch. 832, title III, Sec. 301,

62 Stat. 1276; July 15, 1949, ch. 338, title IV, Sec. 401, 63 Stat.

431; May 25, 1967, Pub. L. 90-19, Sec. 5(a), 81 Stat. 20; Aug. 12,

1970, Pub. L. 91-375, Sec. 6(f), 84 Stat. 776, related to

development and promotion by Secretary of new housing construction

techniques, materials, and methods, and provided for: improvement

and standardization of building codes, contracts for research and

studies, publications, and consolidation of functions and

activities; reports to President and Congress on urban and rural

nonfarm needs; and surveys and plans by local communities and

cooperation by Federal agencies. See sections 1701z-1 to 1701z-4

of this title.

Section 1701f, acts Aug. 10, 1948, ch. 832, title III, Sec. 302,

62 Stat. 1276; July 15, 1949, ch. 338, title IV, Sec. 401, 63 Stat.

431; May 25, 1967, Pub. L. 90-19, Sec. 5(b), 81 Stat. 21, provided

for utilization of other Federal agencies; cooperative studies with

industry, labor, etc.; and exercise of powers by Secretary. See

sections 1701z-1 to 1701z-4 of this title.

-CITE-

12 USC Sec. 1701f-1 01/06/03

-EXPCITE-

TITLE 12 - BANKS AND BANKING

CHAPTER 13 - NATIONAL HOUSING

-HEAD-

Sec. 1701f-1. Repealed. Pub. L. 90-19, Sec. 5(c), May 25, 1967, 81

Stat. 21

-MISC1-

Section, act Aug. 10, 1948, ch. 832, title III, Sec. 304, as

added July 15, 1949, ch. 338, title IV, Sec. 401, 63 Stat. 431,

provided for appointment, powers, and compensation of a Director.

Section was previously repealed by Pub. L. 89-534, Sec. 8(a), Sept.

6, 1966, 80 Stat. 655.

-CITE-

12 USC Sec. 1701g to 1701g-3 01/06/03

-EXPCITE-

TITLE 12 - BANKS AND BANKING

CHAPTER 13 - NATIONAL HOUSING

-HEAD-

Sec. 1701g to 1701g-3. Omitted

-COD-

CODIFICATION

Sections 1701g to 1701g-3 were from sections 102 to 102c of the

Housing Act of 1948, and provided for loans to aid production and

distribution of prefabricated housing; provided for loans to assure

maintenance of industrial capacity for production of such homes for

national defense; provided for the powers of the Housing and Home

Finance Administrator; and included mobile or portable houses

within the term ''prefabricated houses''. Authority for issuance

of section 1701g obligations under section 1(4) of Reorg. Plan No.

23 of 1950 as terminating June 30, 1954, see section 1701g-5 of

this title. Authority to make or purchase section 1701g-1 loans or

obligations as terminating July 31, 1954, see section 1591c of

Title 42, The Public Health and Welfare.

Section 1701g, act Aug. 10, 1948, ch. 832, title I, Sec. 102, 62

Stat. 1275, amended Sept. 1, 1951, ch. 378, title V, Sec. 501, 65

Stat. 311.

Section 1701g-1, act Aug. 10, 1948, ch. 832, title I, Sec. 102a,

added Sept. 1, 1951, ch. 378, title V, Sec. 502, 65 Stat. 312.

Section 1701g-2, act Aug. 10, 1948, ch. 832, title I, Sec. 102b,

added Sept. 1, 1951, ch. 378, title V, Sec. 502, 65 Stat. 312;

amended July 14, 1952, ch. 723, Sec. 10(e), 66 Stat. 604.

Section 1701g-3, act Aug. 10, 1948, ch. 832, title I, Sec. 102c,

added Sept. 1, 1951, ch. 378, title V, Sec. 502, 65 Stat. 312.

-CITE-

12 USC Sec. 1701g-4 01/06/03

-EXPCITE-

TITLE 12 - BANKS AND BANKING

CHAPTER 13 - NATIONAL HOUSING

-HEAD-

Sec. 1701g-4. Omitted

-COD-

CODIFICATION

Section, which placed restrictions on loans, was from the

Independent Offices Appropriation Act, 1953, act July 5, 1952, ch.

578, title III, Sec. 301, 66 Stat. 415, and was not repeated in

subsequent appropriation acts.

-MISC3-

SIMILAR PROVISIONS

Similar provisions were contained in Aug. 31, 1951, ch. 376,

title IV, Sec. 401, 65 Stat. 287.

-CITE-

12 USC Sec. 1701g-5 01/06/03

-EXPCITE-

TITLE 12 - BANKS AND BANKING

CHAPTER 13 - NATIONAL HOUSING

-HEAD-

Sec. 1701g-5. Revolving fund in connection with liquidating

programs

-STATUTE-

There is established as of June 30, 1954, a revolving fund, and

the Secretary of Housing and Urban Development is authorized to

credit said fund with all moneys hereafter obtained or now held by

him or by any constituent agency of the Department of Housing and

Urban Development or any other official thereof, and to account

under said fund for all assets and liabilities, in connection with

(1) community facilities provided or assisted under title II of the

Lanham Act, as amended (42 U.S.C. 1531 et seq.), or under title III

of the Defense Housing and Community Facilities and Services Act of

1951, as amended (42 U.S.C. 1592 et seq.); (2) loans or advances

made pursuant to title V of the War Mobilization and Reconversion

Act of 1944 (58 Stat. 791), or the Act of October 13, 1949; (3)

functions transferred under Reorganization Plan No. 23 of 1950, or

authorized under sections 102, 102a, 102b, and 102c of the Housing

Act of 1948, as amended (12 U.S.C. 1701g to 1701g-3); (4) notes or

other obligations purchased pursuant to the Alaska Housing Act, as

amended (48 U.S.C. 484(a)); (5) subsistence homesteads and

greentowns (Acts of June 29, 1936, 49 Stat. 2035, and May 19, 1949,

63 Stat. 68); (6) public war housing under title I of the Lanham

Act, as amended (42 U.S.C. 1521 et seq.), and defense housing under

title III of the Defense Housing and Community Facilities and

Services Act of 1951, as amended (42 U.S.C. 1592 et seq.); and (7)

veterans' re-use housing under title V of the Lanham Act, as

amended (42 U.S.C. 1571 et seq.): Provided, That said fund shall be

available for all necessary expenses (including administrative

expenses) in connection with the liquidation of the programs

carried out pursuant to the foregoing provisions of law, including

operation, maintenance, improvement, or disposition of facilities,

and for disbursements pursuant to outstanding commitments against

moneys herein authorized to be credited to said fund, repayment of

obligations to the Treasury, and refinancing and refunding

operations on existing loans: Provided further, That any amount in

said fund which is determined to be in excess of requirements for

the purposes hereof shall be declared and paid as liquidating

dividends to the Treasury not less often than annually: Provided

further, That after June 24, 1954, no additional notes or

obligations shall be purchased from funds appropriated pursuant to

the Alaska Housing Act, as amended (48 U.S.C. 484(d)), except for

the furtherance or refinancing of an existing loan: Provided

further, That except for extensions, or refinancing, of existing

obligations the authority to issue obligations to the Secretary of

the Treasury under section 1(4) of Reorganization Plan No. 23 of

1950, shall terminate on June 30, 1954.

-SOURCE-

(June 24, 1954, ch. 359, title II, Sec. 201, 68 Stat. 295.)

-REFTEXT-

REFERENCES IN TEXT

The Lanham Act, as amended, referred to in cls. (1), (6), and

(7), is act Oct. 14, 1940, ch. 862, 54 Stat. 1125, as amended,

known as the Lanham Public War Housing Act. Title I of the Lanham

Act is classified generally to subchapter II (Sec. 1521 et seq.) of

chapter 9 of Title 42, The Public Health and Welfare. Titles II and

V of the Lanham Act were classified to subchapters III (Sec. 1531

et seq.) and VI (Sec. 1571 et seq.), respectively, of chapter 9 of

Title 42, and were omitted from the Code. For further details, see

References in Text note set out under section 1522 of Title 42. For

complete classification of this Act to the Code, see Short Title

note set out under section 1501 of Title 42 and Tables.

The Defense Housing and Community Facilities and Services Act, as

amended, referred to in cls. (1) and (6), is act Sept. 1, 1951, ch.

378, 65 Stat. 293, as amended. Title III of the Act is classified

generally to subchapter IX (Sec. 1592 et seq.) of chapter 9 of

Title 42. For complete classification of this Act to the Code, see

Short Title of 1951 Amendment note set out under section 1501 of

Title 42 and Tables.

The War Mobilization and Reconversion Act of 1944, referred to in

cl. (2), is act Oct. 3, 1944, ch. 480, 58 Stat. 785, as amended,

which was classified to section 1651 et seq. of Title 50, Appendix,

War and National Defense, and which has been omitted from the Code.

Title V of the War Mobilization and Reconversion Act of 1944 was

classified to section 1671 of Title 50, Appendix. For complete

classification of this Act to the Code, see Tables.

Act of October 13, 1949, referred to in cl. (2), is act Oct. 13,

1949, ch. 685, 63 Stat. 841, as amended, which was classified

generally to subchapter I (Sec. 451 et seq.) of chapter 9 of former

Title 40, Public Buildings, Property, and Works. Sections 1-5, 7,

and 8 of the Act were repealed by Pub. L. 107-217, Sec. 6(b), Aug.

21, 2002, 116 Stat. 1304. Section 6 of the Act was repealed by act

Aug. 2, 1954, ch. 649, title VIII, Sec. 802(b), 68 Stat. 642. See

section 1701o of this title.

Reorganization Plan No. 23 of 1950, referred to in cl. (3) and in

the last proviso, is set out in the Appendix to Title 5, Government

Organization and Employees.

The Alaska Housing Act, as amended, referred to in cl. (3) and in

the third proviso, is act Apr. 23, 1949, ch. 89, 63 Stat. 57, as

amended, which was classified principally to sections 484 to 484d

of Title 48, Territories and Insular Possessions and was omitted

from the Code, except for section 2(a) of the Act, which added

section 214 to the National Housing Act and which is classified to

section 1715d of this title. For complete classification of this

Act to the Code, see Tables.

Act June 29, 1936, 49 Stat. 2035, referred to in cl. (5), which

related to resettlement or rural rehabilitation projects, and which

was classified to sections 431 to 434 of former Title 40, Public

Buildings, Property, and Works, was repealed by act Aug. 14, 1946,

ch. 964, Sec. 2(a)(1), 60 Stat. 1062. See chapter 50 (Sec. 1921 et

seq.) of Title 7, Agriculture.

Act May 19, 1949, 63 Stat. 68, referred to in cl. (5), authorized

the sale, without competitive bidding, of certain resettlement

projects in Maryland, Wisconsin, and Ohio, and was not classified

to the Code.

-COD-

CODIFICATION

Section was enacted as a part of title II of the Independent

Offices Appropriation Act, 1955, and not as part of the National

Housing Act which comprises this chapter.

The third and last provisos contained in the original have been

omitted from this section. Those provisos contained limitations on

amounts available during fiscal year 1955 for certain

administrative and other expenses. Similar or related limitations

were contained in the following prior appropriation acts:

Oct. 17, 1975, Pub. L. 94-116, title I, 89 Stat. 583.

Sept. 6, 1974, Pub. L. 93-414, title I, 88 Stat. 1096.

Oct. 26, 1973, Pub. L. 93-137, title I, 87 Stat. 492.

Aug. 14, 1972, Pub. L. 92-383, title I, 86 Stat. 541.

Aug. 10, 1971, Pub. L. 92-78, title I, 85 Stat. 273.

Dec. 17, 1970, Pub. L. 91-556, title IV, 84 Stat. 1462.

Nov. 16, 1969, Pub. L. 91-126, title III, 83 Stat. 241.

Oct. 4, 1968, Pub. L. 90-550, title III, 82 Stat. 955.

Nov. 3, 1967, Pub. L. 90-121, title II, 81 Stat. 359.

Sept. 6, 1966, Pub. L. 89-555, title II, 80 Stat. 686.

Aug. 16, 1965, Pub. L. 89-128, title II, 79 Stat. 541.

Aug. 30, 1964, Pub. L. 88-507, title II, 78 Stat. 664.

Dec. 19, 1963, Pub. L. 88-215, title II, 77 Stat. 446.

Oct. 3, 1962, Pub. L. 87-741, title II, 76 Stat. 738.

Aug. 17, 1961, Pub. L. 87-141, title II, 75 Stat. 362.

July 12, 1960, Pub. L. 86-626, title II, 74 Stat. 443.

Sept. 14, 1959, Pub. L. 86-255, title II, 73 Stat. 516.

Aug. 28, 1958, Pub. L. 85-844, title II, 72 Stat. 1080.

June 29, 1957, Pub. L. 85-69, title II, 71 Stat. 240.

June 27, 1956, ch. 452, title II, 70 Stat. 354.

May 19, 1956, ch. 313, Ch. V, 70 Stat. 166.

June 30, 1955, ch. 244, title II, 69 Stat. 213.

-TRANS-

TRANSFER OF FUNCTIONS

Functions of Housing and Home Finance Agency and Administrator

thereof transferred to Secretary of Housing and Urban Development

by section 5(a) of Department of Housing and Urban Development Act

(Pub. L. 89-174, Sept. 9, 1965, 79 Stat. 669) which is classified

to section 3534(a) of Title 42, The Public Health and Welfare.

-SECREF-

SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in sections 1701g-5a, 1701g-5b,

1701g-5c of this title; title 42 sections 1585, 5317.

-CITE-

12 USC Sec. 1701g-5a 01/06/03

-EXPCITE-

TITLE 12 - BANKS AND BANKING

CHAPTER 13 - NATIONAL HOUSING

-HEAD-

Sec. 1701g-5a. Transfer of New Communities Fund assets and

liabilities

-STATUTE-

The Secretary shall transfer all assets and liabilities of the

fund established pursuant to section 717 of the Housing and Urban

Development Act of 1970, as amended (42 U.S.C. 4518), to the

Revolving fund (liquidating programs) established pursuant to title

II of the Independent Offices Appropriation Act, 1955, as amended

(12 U.S.C. 1701g-5).

-SOURCE-

(Pub. L. 98-45, title I, Sec. 101, July 12, 1983, 97 Stat. 223.)

-REFTEXT-

REFERENCES IN TEXT

Section 717 of the Housing and Urban Development Act of 1970, as

amended (42 U.S.C. 4518), referred to in text, was repealed by Pub.

L. 98-181, title IV, Sec. 474(e), Nov. 30, 1983, 97 Stat. 1239, but

remaining in effect until completion of the transfer required in

title I of the Department of Housing and Urban

Development-Independent Agencies Appropriation Act, 1984.

The Independent Offices Appropriation Act, 1955, as amended,

referred to in text, is act June 24, 1954, ch. 359, 68 Stat. 272,

as amended. Provisions of title II of this Act relating to the

establishment of the revolving fund (liquidating programs) are

classified to section 1701g-5 of this title. For complete

classification of this Act to the Code, see Tables.

-COD-

CODIFICATION

Section was enacted as part of the Department of Housing and

Urban Development-Independent Agencies Appropriation Act, 1984, and

not as part of the National Housing Act which comprises this

chapter.

-SECREF-

SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in section 1701g-5b of this title.

-CITE-

12 USC Sec. 1701g-5b 01/06/03

-EXPCITE-

TITLE 12 - BANKS AND BANKING

CHAPTER 13 - NATIONAL HOUSING

-HEAD-

Sec. 1701g-5b. Liquidation of New Communities Program; cancellation

of debt

-STATUTE-

(a) Law applicable

In order to provide for the management and orderly liquidation of

the assets, and discharge the liabilities, acquired or incurred in

connection with the new communities program authorized pursuant to

title IV of the Housing and Urban Development Act of 1968 (42

U.S.C. 3901 et seq.) and title VII of the Housing and Urban

Development Act of 1970 (42 U.S.C. 4501 et seq.) (hereafter

referred to in this section as ''title IV'' and ''title VII'',

respectively), the liquidation of the new communities program shall

be carried out pursuant to the provisions of law applicable to the

revolving fund (liquidating programs) established pursuant to title

II of the Independent Offices Appropriations Act, 1955 (12 U.S.C.

1701g-5), upon the transfer by the Secretary of Housing and Urban

Development (hereafter in this section referred to as the

''Secretary'') of the assets and liabilities of the fund authorized

under section 717 of title VII (42 U.S.C. 4518) to such revolving

fund, as required in title I of the Department of Housing and Urban

Development-Independent Agencies Appropriation Act, 1984 (12 U.S.C.

1701g-5a). The Secretary shall report to the Congress not less than

sixty days prior to taking any action with respect to the

disposition of real property (other than a purchase money mortgage)

which involves any further potential liability of or assistance

from the Department of Housing and Urban Development with respect

to any property so transferred.

(b) Availability of revolving fund moneys for administrative and

other expenses

In carrying out the purposes of subsection (a) of this section,

all moneys in the revolving fund (liquidating programs) shall be

available for necessary administrative and other expenses of

servicing and liquidating obligations guaranteed pursuant to

section 403 and section 713 of title IV and title VII, respectively

(42 U.S.C. 3902, 4514), including costs of services (including

legal services) performed on a contract or fee basis, and to

discharge any other liability acquired or incurred in connection

with the new communities program. Notwithstanding any other

provision of law relating to the acquisition, handling,

improvement, or disposal of real and other property by the United

States, the Secretary of Housing and Urban Development shall also

have power, for the protection of the interests of the revolving

fund (liquidating programs), to pay out of any moneys in such fund

all expenses or charges in connection with the acquisition,

handling, improvement, or disposal of any property, real or

personal, acquired by the Secretary either prior or subsequent to

November 30, 1983, as a result of recoveries under security,

subrogation, or other rights in connection with the new communities

program.

(c) Issuance of obligations to Secretary of the Treasury

After making the transfer required in title I of the Department

of Housing and Urban Development-Independent Agencies Appropriation

Act, 1984 (12 U.S.C. 1701g-5a), the Secretary of Housing and Urban

Development may issue obligations to the Secretary of the Treasury

in an amount sufficient to enable the Secretary of Housing and

Urban Development to satisfy any guarantee made pursuant to section

403 or 713 of title IV or title VII, respectively (42 U.S.C. 3902,

4514), and otherwise carry out the functions authorized by this

section. The obligations issued under this subsection shall have

such maturities and bear such rate or rates of interest as shall be

determined by the Secretary of the Treasury. The Secretary of the

Treasury is authorized and directed to purchase any obligations so

issued, and for that purpose the Secretary of the Treasury is

authorized to use as a public debt transaction the proceeds from

the sale of any securities issued under chapter 31 of title 31, and

the purposes for which securities may be issued under such chapter

are extended to include purchases of obligations issued under this

subsection.

(d) Cancellation of obligations

Upon the transfer required in title I of the Department of

Housing and Urban Development-Independent Agencies Appropriation

Act, 1984 (12 U.S.C. 1701g-5a), each obligation issued by the

Secretary of Housing and Urban Development to the Secretary of the

Treasury pursuant to section 407(a) or 717(b) of title IV or title

VII, respectively (42 U.S.C. 3906(a), 4518(b)), together with any

promise to repay the principal and unpaid interest which has

accrued on each obligation, and any other term or condition

specified by each such obligation, is canceled.

-SOURCE-

(Pub. L. 98-181, title IV, Sec. 474(a)-(d), Nov. 30, 1983, 97 Stat.

1238, 1239.)

-REFTEXT-

REFERENCES IN TEXT

The Housing and Urban Development Act of 1968, referred to in

subsec. (a), is Pub. L. 90-448, Aug. 1, 1968, 82 Stat. 476, as

amended. Title IV of the Housing and Urban Development Act, which

was classified to chapter 48 (Sec. 3901 et seq.) of Title 42, The

Public Health and Welfare, was repealed, with certain exceptions

which were omitted from the Code, by Pub. L. 98-181, title IV, Sec.

474(e), Nov. 30, 1983, 97 Stat. 1239. Sections 403 and 407 of the

Housing and Urban Development Act of 1968 were classified to

sections 3902 and 3906, respectively, of Title 42, and were

repealed by section 474(e) of Pub. L. 98-181. For complete

classification of this Act to the Code, see Short Title of 1968

Amendment note set out under section 1701 of this title and Tables.

The Housing and Urban Development Act of 1970, referred to in

subsec. (a), is Pub. L. 91-609, Dec. 31, 1970, 84 Stat. 1770, as

amended. Title VII of the Housing and Urban Development Act of

1970, known as the Urban Growth and New Community Development Act

of 1970, is classified principally to chapter 59 (Sec. 4501 et

seq.) of Title 42. Sections 713 and 717 of the Housing and Urban

Development Act of 1970 were classified to sections 4514 and 4518,

respectively, of Title 42, and were repealed by Pub. L. 98-181,

title IV, Sec. 474(e), Nov. 30, 1983, 97 Stat. 1239. For complete

classification of this Act to the Code, see Short Title of 1970

Amendment note set out under section 1701 of this title and Tables.

The Independent Offices Appropriation Act, 1955, as amended,

referred to in subsec. (a), is act June 24, 1954, ch. 359, 68 Stat.

272, as amended. Provisions of title II of this Act relating to

the establishment of the revolving fund (liquidating programs) are

classified to section 1701g-5 of this title. For complete

classification of this Act to the Code, see Tables.

The Department of Housing and Urban Development-Independent

Agencies Appropriation Act, 1984, referred to in subsecs. (a), (c),

and (d), is Pub. L. 98-45, July 12, 1983, 97 Stat. 219. Provisions

of title I of this Act requiring the transfer of assets and

liabilities to the revolving fund (liquidating programs) are

classified to section 1701g-5a of this title. For complete

classification of this Act to the Code, see Tables.

-COD-

CODIFICATION

Section was enacted as part of the Housing and Urban-Rural

Recovery Act of 1983 and also as part of the Domestic Housing and

International Recovery and Financial Stability Act, and not as part

of the National Housing Act which comprises this chapter.

-CITE-

12 USC Sec. 1701g-5c 01/06/03

-EXPCITE-

TITLE 12 - BANKS AND BANKING

CHAPTER 13 - NATIONAL HOUSING

-HEAD-

Sec. 1701g-5c. Transfer of rehabilitation loan fund assets and

liabilities

-STATUTE-

Notwithstanding section 289(c) of the Cranston-Gonzalez National

Affordable Housing Act (Public Law 101-625), the assets and

liabilities of the revolving fund established by section 1452b

(FOOTNOTE 1) of title 42, and any collections, including repayments

or recaptured amounts, of such fund shall be transferred to and

merged with the Revolving Fund (liquidating programs), established

pursuant to title II of the Independent Offices Appropriation Act,

1955, as amended (12 U.S.C. 1701g-5), effective October 1, 1991.

(FOOTNOTE 1) See References in Text note below.

-SOURCE-

(Pub. L. 102-139, title II, Oct. 28, 1991, 105 Stat. 752.)

-REFTEXT-

REFERENCES IN TEXT

Section 289(c) of the Cranston-Gonzalez National Affordable

Housing Act (Pub. L. 101-625), referred to in text, is not

classified to the Code.

Section 1452b of title 42, referred to in text, was repealed by

Pub. L. 101-625, title II, Sec. 289(b), Nov. 28, 1990, 104 Stat.

4128.

The Independent Offices Appropriation Act, 1955, as amended,

referred to in text, is act June 24, 1954, ch. 359, 68 Stat. 272,

as amended. Provisions of title II of this Act relating to the

establishment of the revolving fund (liquidating programs) are

classified to section 1701g-5 of this title. For complete

classification of this Act to the Code, see Tables.

-COD-

CODIFICATION

Section was enacted as part of the Departments of Veterans

Affairs and Housing and Urban Development, and Independent Agencies

Appropriations Act, 1992, and not as part of the National Housing

Act which comprises this chapter.

-CITE-

12 USC Sec. 1701h 01/06/03

-EXPCITE-

TITLE 12 - BANKS AND BANKING

CHAPTER 13 - NATIONAL HOUSING

-HEAD-

Sec. 1701h. Advisory committees; payment of transportation and

other expenses

-STATUTE-

The Secretary of Housing and Urban Development is authorized to

establish such advisory committee or committees as he may deem

necessary in carrying out any of his functions, powers, and duties

under this or any other Act or authorization. Persons serving

without compensation as members of any such committee may be paid

transportation expenses and not to exceed $25 per diem in lieu of

subsistence, as authorized by section 5703 of title 5.

-SOURCE-

(July 15, 1949, ch. 338, title VI, Sec. 601, 63 Stat. 439; Aug. 2,

1954, ch. 649, title VIII, Sec. 807, 68 Stat. 645; Pub. L. 89-117,

title XI, Sec. 1106, Aug. 10, 1965, 79 Stat. 503; Pub. L. 90-19,

Sec. 6(h), May 25, 1967, 81 Stat. 22; Pub. L. 98-479, title II,

Sec. 202(c), Oct. 17, 1984, 98 Stat. 2228.)

-REFTEXT-

REFERENCES IN TEXT

This Act, referred to in text, is act July 15, 1949, ch. 338, 63

Stat. 413, as amended, known as the Housing Act of 1949, which is

classified principally to chapter 8A (Sec. 1441 et seq.) of Title

42, The Public Health and Welfare. For complete classification of

this Act to the Code, see Short Title note set out under section

1441 of Title 42 and Tables.

-COD-

CODIFICATION

Section was enacted as part of the Housing Act of 1949, and not

as part of the National Housing Act which comprises this chapter.

-MISC3-

AMENDMENTS

1984 - Pub. L. 98-479 substituted ''section 5703 of title 5'' for

''section 5 of the Act of August 2, 1946 (5 U.S.C. 73b-2)''.

1967 - Pub. L. 90-19 substituted ''The Secretary of Housing and

Urban Development'' and ''he'' for ''The Housing and Home Finance

Administrator and the head of each constituent agency of the

Housing and Home Finance Agency'' and ''each'', respectively.

1965 - Pub. L. 89-117 struck out provision that declared

inapplicable the conflict-of-interest statutes in the case of

members of advisory committees.

1954 - Act Aug. 2, 1954, permitted heads of constituent agencies

of the Housing and Home Finance Agency to establish advisory

committees, inserted provisions relating to inapplicability of the

conflict-of-interest statutes with respect to committee members

serving without compensation, and inserted provisions relating to

payment of expenses.

TERMINATION OF ADVISORY COMMITTEES

Advisory committees in existence on Jan. 5, 1973, to terminate

not later than the expiration of the 2-year period following Jan.

5, 1973, unless, in the case of a committee established by the

President or an officer of the Federal Government, such committee

is renewed by appropriate action prior to the expiration of such

2-year period, or in the case of a committee established by the

Congress, its duration is otherwise provided by law. See section

14 of Pub. L. 92-463, Oct. 6, 1972, 86 Stat. 776, set out in the

Appendix to Title 5, Government Organization and Employees.

-EXEC-

EX. ORD. NO. 10486. ADVISORY COMMITTEE ON GOVERNMENT HOUSING

POLICIES AND PROGRAMS

Ex. Ord. No. 10486, Sept. 12, 1953, 18 F.R. 5561, provided:

1. There shall be established the Advisory Committee on

Government Housing Policies and Programs.

2. The Committee shall make, or cause to be made, studies and

surveys of the housing policies and programs of the Government and

the organization within the Executive Branch for the administration

of such policies and programs, and shall advise the Housing and

Home Finance Administrator and the President with respect thereto.

3. The Housing and Home Finance Administrator shall serve as the

Chairman of the Committee, and the other members of the Committee

shall be appointed pursuant to the provisions of this Executive

Order and Section 601 of the Housing Act of 1949 (63 Stat. 439)

(this section).

4. To work directly with the Housing and Home Finance

Administrator in the task of directing specific studies and surveys

and developing concrete recommendations, there shall be in the

Committee an Executive Committee, consisting of members of the

Committee designated for such purpose, and the Housing and Home

Finance Administrator shall serve as the Chairman of such Executive

Committee.

5. Administrative expenses in connection with the work of the

Committee, including expenses of advisers and consultants appointed

by the Chairman in connection therewith, shall, upon authorization

therefor by the Chairman or his delegate, be paid pursuant to the

authority therefor under the heading, ''Housing and Home Finance

Agency, Office of the Administrator'' in the Supplemental

Appropriation Act, 1954 (Public Law 207, Eighty-third Congress,

approved August 7, 1953). Dwight D. Eisenhower.

-SECREF-

SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in section 1701h-1 of this title;

title 20 section 802.

-CITE-

12 USC Sec. 1701h-1 01/06/03

-EXPCITE-

TITLE 12 - BANKS AND BANKING

CHAPTER 13 - NATIONAL HOUSING

-HEAD-

Sec. 1701h-1. Housing for elderly persons advisory committee

-STATUTE-

The Secretary of Housing and Urban Development shall establish,

in accordance with the provisions of section 1701h of this title,

an advisory committee on matters relating to housing for elderly

persons.

-SOURCE-

(Aug. 7, 1956, ch. 1029, title I, Sec. 104(d), 70 Stat. 1093; Pub.

L. 90-19, Sec. 13(a), May 25, 1967, 81 Stat. 24.)

-COD-

CODIFICATION

Section was enacted as part of the Housing Act of 1956, and not

as part of the National Housing Act which comprises this chapter.

-MISC3-

AMENDMENTS

1967 - Pub. L. 90-19 substituted ''Secretary of Housing and Urban

Development'' for ''Housing and Home Finance Administrator''.

TERMINATION OF ADVISORY COMMITTEES

Advisory committees in existence on Jan. 5, 1973, to terminate

not later than the expiration of the 2-year period following Jan.

5, 1973, unless, in the case of a committee established by the

President or an officer of the Federal Government, such committee

is renewed by appropriate action prior to the expiration of such

2-year period, or in the case of a committee established by the

Congress, its duration is otherwise provided for by law. See

section 14 of Pub. L. 92-463, Oct. 6, 1972, 86 Stat. 776, set out

in the Appendix to Title 5, Government Organization and Employees.

-CITE-

12 USC Sec. 1701i, 1701i-1 01/06/03

-EXPCITE-

TITLE 12 - BANKS AND BANKING

CHAPTER 13 - NATIONAL HOUSING

-HEAD-

Sec. 1701i, 1701i-1. Omitted

-MISC1-

Section 1701i, act July 15, 1949, ch. 338, title VI, Sec. 603, 63

Stat. 440; 1953 Reorg. Plan No. 1, Sec. 5, eff. Apr. 11, 1953, 18

F.R. 2053, 67 Stat. 631, included the Secretary of Labor and the

Secretary of Health, Education, and Welfare or their designees in

the membership of the National Housing Council of the Housing and

Home Finance Agency.

Section 1701i-1, act Sept. 1, 1951, ch. 378, title VI, Sec. 615,

65 Stat. 317, included the Secretary of Defense or his designee and

excluded the Chairman of Board of Directors of Reconstruction

Finance Corporation or his designee from National Housing Council

membership.

-CITE-

12 USC Sec. 1701j 01/06/03

-EXPCITE-

TITLE 12 - BANKS AND BANKING

CHAPTER 13 - NATIONAL HOUSING

-HEAD-

Sec. 1701j. Repealed. Aug. 2, 1954, ch. 649, title VIII, Sec. 813,

68 Stat. 647

-MISC1-

Section, acts Apr. 20, 1950, ch. 94, title V, Sec. 504, 64 Stat.

81; Sept. 1, 1951, ch. 378, title VI, Sec. 613(a), 65 Stat. 316;

June 30, 1953, ch. 170, Sec. 23, 67 Stat. 127, related to control

of charges and fees, imposed by lenders upon builders and

purchasers in connection with home loans, by the Federal Housing

Commissioner and the Administrator of Veterans' Affairs.

Sections 1, 509, and 510 of act Apr. 20, 1950, were formerly set

out as notes under this section. See notes under section 1701k of

this title.

-CITE-

12 USC Sec. 1701j-1 01/06/03

-EXPCITE-

TITLE 12 - BANKS AND BANKING

CHAPTER 13 - NATIONAL HOUSING

-HEAD-

Sec. 1701j-1. Builder's certification as to construction

-STATUTE-

(a) Warranty requirements

The Secretary of Housing and Urban Development is authorized and

directed to require that, in connection with any property upon

which there is located a dwelling designed principally for not more

than a four-family residence and which is approved for mortgage

insurance prior to the beginning of construction, the seller or

builder, and such other person as may be required by the said

Secretary to become warrantor, shall deliver to the purchaser or

owner of such property a warranty that the dwelling is constructed

in substantial conformity with the plans and specifications

(including any amendments thereof, or changes and variations

therein, which have been approved in writing by the Secretary of

Housing and Urban Development) on which the Secretary of Housing

and Urban Development based his valuation of the dwelling:

Provided, That the Secretary of Housing and Urban Development shall

deliver to the builder, seller, or other warrantor his written

approval (which shall be conclusive evidence of such approval) of

any amendment of, or change or variation in, such plans and

specifications which the Secretary deems to be a substantial

amendment thereof, or change or variation therein, and shall file a

copy of such written approval with such plans and specifications:

Provided further, That such warranty shall apply only with respect

to such instances of substantial nonconformity to such approved

plans and specifications (including any amendments thereof, or

changes or variations therein, which have been approved in writing,

as provided herein, by the Secretary of Housing and Urban

Development) as to which the purchaser or homeowner has given

written notice to the warrantor within one year from the date of

conveyance of title to, or initial occupancy of, the dwelling,

whichever first occurs: Provided further, That such warranty shall

be in addition to, and not in derogation of, all other rights and

privileges which such purchaser or owner may have under any other

law or instrument: And provided further, That the provisions of

this section shall apply to any such property covered by a mortgage

insured by the Secretary of Housing and Urban Development on and

after October 1, 1954, unless such mortgage is insured pursuant to

a commitment therefor made prior to October 1, 1954.

(b) Availability of plans and specifications

The Secretary of Housing and Urban Development is further

directed to permit copies of the plans and specifications

(including written approvals of any amendments thereof, or changes

or variations therein, as provided herein) for dwellings in

connection with which warranties are required by subsection (a) of

this section to be made available in their appropriate local

offices for inspection or for copying by any purchaser, homeowner,

or warrantor during such hours or periods of time as the said

Secretary may determine to be reasonable.

-SOURCE-

(Aug. 2, 1954, ch. 649, title VIII, Sec. 801, 68 Stat. 642; Pub. L.

85-857, Sec. 13(s)(2), Sept. 2, 1958, 72 Stat. 1266; Pub. L. 90-19,

Sec. 10(e), May 25, 1967, 81 Stat. 22.)

-COD-

CODIFICATION

Section was enacted as part of the Housing Act of 1954, and not

as part of the National Housing Act which comprises this chapter.

-MISC3-

AMENDMENTS

1967 - Subsecs. (a), (b). Pub. L. 90-19 substituted ''Secretary

of Housing and Urban Development'' and ''Secretary'' for ''Federal

Housing Commissioner'' and ''Commissioner'', respectively.

1958 - Subsec. (a). Pub. L. 85-857 struck out provisions that

related to Administrator of Veterans' Affairs and to mortgages

guaranteed by him.

Subsec. (b). Pub. L. 85-857 struck out provisions that related to

Administrator of Veterans' Affairs.

EFFECTIVE DATE OF 1958 AMENDMENT

Amendment by Pub. L. 85-857 effective Jan. 1, 1959, see section 2

of Pub. L. 85-857, set out as an Effective Date note preceding part

1 of Title 38, Veterans' Benefits.

STUDY REGARDING HOME WARRANTY PLANS

Pub. L. 102-550, title V, Sec. 514, Oct. 28, 1992, 106 Stat.

3789, directed Secretary of Housing and Urban Development to

conduct a study of home and builder's warranties and protection

plans regarding construction of, and materials used in, 1- to

4-family dwellings subject to mortgages insured under title II of

the National Housing Act (12 U.S.C. 1707 et seq.), and submit a

report to Congress regarding findings of the study and any

recommendations of the Secretary resulting from the study, not

later than the expiration of the 12-month period beginning on Oct.

28, 1992.

-CITE-

12 USC Sec. 1701j-2 01/06/03

-EXPCITE-

TITLE 12 - BANKS AND BANKING

CHAPTER 13 - NATIONAL HOUSING

-HEAD-

Sec. 1701j-2. National Institute of Building Sciences

-STATUTE-

(a) Congressional findings and declaration of purpose

(1) The Congress finds (A) that the lack of an authoritative

national source to make findings and to advise both the public and

private sectors of the economy with respect to the use of building

science and technology in achieving nationally acceptable standards

and other technical provision for use in Federal, State, and local

housing and building regulations is an obstacle to efforts by and

imposes severe burdens upon all those who procure, design,

construct, use, operate, maintain, and retire physical facilities,

and frequently results in the failure to take full advantage of new

and useful developments in technology which could improve our

living environment; (B) that the establishment of model buildings

codes or of a single national building code will not completely

resolve the problem because of the difficulty at all levels of

government in updating their housing and building regulations to

reflect new developments in technology, as well as the

irregularities and inconsistencies which arise in applying such

requirements to particular localities or special local conditions;

(C) that the lack of uniform housing and building regulatory

provisions increases the costs of construction and thereby reduces

the amount of housing and other community facilities which can be

provided; and (D) that the existence of a single authoritative

nationally recognized institution to provide for the evaluation of

new technology could facilitate introduction of such innovations

and their acceptance at the Federal, State, and local levels.

(2) The Congress further finds, however, that while an

authoritative source of technical findings is needed, various

private organizations and institutions, private industry, labor,

and Federal and other governmental agencies and entities are

presently engaged in building research, technology development,

testing, and evaluation, standards and model code development and

promulgation, and information dissemination. These existing

activities should be encouraged and these capabilities effectively

utilized wherever possible and appropriate to the purposes of this

section.

(3) The Congress declares that an authoritative nongovernmental

instrument needs to be created to address the problems and issues

described in paragraph (1), that the creation of such an instrument

should be initiated by the Government, with the advice and

assistance of the National Academy of Sciences-National Academy of

Engineering-National Research Council (hereinafter referred to as

the ''Academies-Research Council'') and of the various sectors of

the building community, including labor and management, technical

experts in building science and technology, and the various levels

of government.

(b) Establishment; advice and assistance of Academies-Research

Council and other agencies and organizations knowledgeable in

building technology

(1) There is authorized to be established, for the purposes

described in subsection (a)(3) of this section, an appropriate

nonprofit, nongovernmental instrument to be known as the National

Institute of Building Sciences (hereinafter referred to as the

''Institute''), which shall not be an agency or establishment of

the United States Government. The Institute shall be subject to the

provisions of this section and, to the extent consistent with this

section, to a charter of the Congress if such a charter is

requested and issued or to the District of Columbia Nonprofit

Corporation Act if that is deemed preferable.

(2) The Academies-Research Council, along with other agencies and

organizations which are knowledgeable in the field of building

technology, shall advise and assist in (A) the establishment of the

Institute; (B) the development of an organizational framework to

encourage and provide for the maximum feasible participation of

public and private scientific, technical, and financial

organizations, institutions, and agencies now engaged in activities

pertinent to the development, promulgation, and maintenance of

performance criteria, standards, and other technical provisions for

building codes and other regulations; and (C) the promulgation of

appropriate organizational rules and procedures including those for

the selection and operation of a technical staff, such rules and

procedures to be based upon the primary object of promoting the

public interest and insuring that the widest possible variety of

interests and experience essential to the functions of the

Institute are represented in the Institute's operations.

Recommendations of the Academies-Research Council shall be based

upon consultations with and recommendations from various private

organizations and institutions, labor, private industry, and

governmental agencies entities operating in the field, and the

Consultative Council as provided for under subsection (c)(8) of

this section.

(3) Nothing in this section shall be construed as expressing the

intent of the Congress that the Academies-Research Council itself

be required to assume any function or operation vested in the

Institute by or under this section.

(c) Board of Directors; number; appointment; membership; terms of

office; vacancies; appointment, etc., of Chairman and Vice

Chairman; employees of United States; travel and subsistence

expenses; appointment and compensation of president and other

executive officers and employees; establishment, membership,

and functions of Consultative Council

(1) The Institute shall have a Board of Directors (hereinafter

referred to as the ''Board'') consisting of not less than fifteen

nor more than twenty-one members, appointed by the President of the

United States by and with the advice and consent of the Senate. The

Board shall be representative of the various segments of the

building community, of the various regions of the country, and of

the consumers who are or would be affected by actions taken in the

exercise of the functions and responsibilities of the Institute,

and shall include (A) representatives of the construction industry,

including representatives of construction labor organizations,

product manufacturers, and builders, housing management experts,

and experts in building standards, codes, and fire safety, and (B)

members representative of the public interest in such numbers as

may be necessary to assure that a majority of the members of the

Board represent the public interest and that there is adequate

consideration by the Institute of consumer interests in the

exercise of its functions and responsibilities. Those representing

the public interest on the Board shall include architects,

professional engineers, officials of Federal, State, and local

agencies, and representatives of consumer organizations. Such

members of the Board shall hold no financial interest or membership

in, nor be employed by, or receive other compensation from, any

company, association, or other group associated with the

manufacture, distribution, installation, or maintenance of

specialized building products, equipment, systems, subsystems, or

other construction materials and techniques for which there are

available substitutes.

(2) The members of the initial Board shall serve as incorporators

and shall take whatever actions are necessary to establish the

Institute as provided for under subsection (b)(1) of this section.

(3) The term of office of each member of the initial and

succeeding Boards shall be three years; except that (A) any member

appointed to fill a vacancy occurring prior to the expiration of

the term for which his predecessor was appointed shall be appointed

for the remainder of such term; and (B) the terms of office of

members first taking office shall begin on the date of

incorporation and shall expire, as designated at the time of their

appointment, one-third at the end of one year, one-third at the end

of two years, and one-third at the end of three years. No member

shall be eligible to serve in excess of three consecutive terms of

three years each. Notwithstanding the preceding provisions of this

subsection, a member whose term has expired may serve until his

successor has qualified.

(4) Any vacancy in the initial and succeeding Boards shall not

affect its power, but shall be filled in the manner in which the

original appointments were made, or, after the first five years of

operation, as provided for by the organizational rules and

procedures of the Institute; except that, notwithstanding any such

rules and procedures as may be adopted by the Institute, the

President of the United States, by and with the advice and consent

of the Senate, shall appoint, as representative of the public

interest, two of the members of the Board of Directors selected

each year for terms commencing in that year.

(5) The President shall designate one of the members appointed to

the initial Board as Chairman; thereafter, the members of the

initial and succeeding Boards shall annually elect one of their

number as Chairman. The members of the Board shall also elect one

or more of their Members as Vice Chairman. Terms of the Chairman

and Vice Chairman shall be for one year and no individual shall

serve as Chairman or Vice Chairman for more than two consecutive

terms.

(6) The members of the initial or succeeding Boards shall not, by

reason of such membership, be deemed to be employees of the United

States Government. They shall, while attending meetings of the

Board or while engaged in duties related to such meetings or in

other activities of the Board pursuant to this section, be entitled

to receive compensation at the rate of $100 per day including

traveltime, and while away from their homes or regular places of

business they may be allowed travel expenses, including per diem in

lieu of subsistence, equal to that authorized under section 5703 of

title 5, for persons in the Government service employed

intermittently.

(7) The Institute shall have a president and such other executive

officers and employees as may be appointed by the Board at rates of

compensation fixed by the Board. No such executive officer or

employee may receive any salary or other compensation from any

source other than the Institute during the period of his employment

by the Institute.

(8) The Institute shall establish, with the advice and assistance

of the Academies-Research Council and other agencies and

organizations which are knowledgeable in the field of building

technology, a Consultative Council, membership in which shall be

available to representatives of all appropriate private trade,

professional, and labor organizations, private and public

standards, code, and testing bodies, public regulatory agencies,

and consumer groups, so as to insure a direct line of communication

between such groups and the Institute and a vehicle for

representative hearings on matters before the Institute.

(d) Financial restrictions and prohibitions

(1) The Institute shall have no power to issue any shares of

stock, or to declare or pay any dividends.

(2) No part of the income or assets of the Institute shall inure

to the benefit of any director, officer, employee, or other

individual except as salary or reasonable compensation for

services.

(3) The Institute shall not contribute to or otherwise support

any political party or candidate for elective public office.

(e) Exercise of functions and responsibilities

(1) The Institute shall exercise its functions and

responsibilities in four general areas, relating to building

regulations, as follows:

(A) Development, promulgation, and maintenance of nationally

recognized performance criteria, standards, and other technical

provisions for maintenance of life, safety, health, and public

welfare suitable for adoption by building regulating

jurisdictions and agencies, including test methods and other

evaluative techniques relating to building systems, subsystems,

components, products, and materials with due regard for consumer

problems.

(B) Evaluation and prequalification of existing and new

building technology in accordance with subparagraph (A).

(C) Conduct of needed investigations in direct support of

subparagraphs (A) and (B).

(D) Assembly, storage, and dissemination of technical data and

other information directly related to subparagraphs (A), (B), and

(C).

(2) The Institute in exercising its functions and

responsibilities described in paragraph (1) shall assign and

delegate, to the maximum extent possible, responsibility for

conducting each of the needed activities described in paragraph (1)

to one or more of the private organizations, institutions,

agencies, and Federal and other governmental entities with a

capacity to exercise or contribute to the exercise of such

responsibility, monitor the performance achieved through assignment

and delegation, and, when deemed necessary, reassign and delegate

such responsibility.

(3) The Institute in exercising its functions and

responsibilities under paragraphs (1) and (2) shall (A) give

particular attention to the development of methods for encouraging

all sectors of the economy to cooperate with the Institute and to

accept and use its technical findings, and to accept and use the

nationally recognized performance criteria, standards, and other

technical provisions developed for use in Federal, State, and local

building codes and other regulations which result from the program

of the Institute; (B) seek to assure that its actions are

coordinated with related requirements which are imposed in

connection with community and environmental development generally;

and (C) consult with the Department of Justice and other agencies

of government to the extent necessary to insure that the national

interest is protected and promoted in the exercise of its functions

and responsibilities.

(f) Contract and grant authorization; donations; fees; amounts

received in addition to amounts appropriated

(1) The Institute is authorized to accept contracts and grants

from Federal, State, and local governmental agencies and other

entities, and grants and donations from private organizations,

institutions, and individuals.

(2) The Institute may, in accordance with rates and schedules

established with guidance as provided under subsection (b)(2) of

this section, establish fees and other charges for services

provided by the Institute or under its authorization.

(3) Amounts received by the Institute under this section shall be

in addition to any amounts which may be appropriated to provide its

initial operating capital under subsection (h) of this section.

(g) Technical findings and performance criteria and standards;

applicability and use by Federal departments, agencies, and

establishments, and State and local governments; supporting

grants and contracts

(1) Every department, agency, and establishment of the Federal

Government, in carrying out any building or construction, or any

building- or construction-related programs, which involves direct

expenditures, and in developing technical requirements for any such

building or construction, shall be encouraged to accept the

technical findings of the Institute, or any nationally recognized

performance criteria, standards, and other technical provisions for

building regulations brought about by the Institute, which may be

applicable.

(2) All projects and programs involving Federal assistance in the

form of loans, grants, guarantees, insurance, or technical aid, or

in any other form, shall be encouraged to accept, use, and comply

with any of the technical findings of the Institute, or any

nationally recognized performance criteria, standards, and other

technical provisions for building codes and other regulations

brought about by the Institute, which may be applicable to the

purposes for which the assistance is to be used.

(3) Every department, agency, and establishment of the Federal

Government having responsibility for building or construction, or

for building- or construction-related programs, is authorized and

encouraged to request authorization and appropriations for grants

to the Institute for its general support, and is authorized to

contract with and accept contracts from the Institute for specific

services where deemed appropriate by the responsible Federal

official involved.

(4) The Institute shall establish and carry on a specific and

continuing program of cooperation with the States and their

political subdivisions designed to encourage their acceptance of

its technical findings and of nationally recognized performance

criteria, standards, and other technical provisions for building

regulations brought about by the Institute. Such program shall

include (A) efforts to encourage any changes in existing State and

local law to utilize or embody such findings and regulatory

provisions; and (B) assistance to States in the development of

inservice training programs for building officials, and in the

establishment of fully staffed and qualified State technical

agencies to advise local officials on questions of technical

interpretation.

(h) Advanced Building Technology Program

(1) Establishment of Advanced Building Technology Council

There is established within the Institute, the Advanced

Building Technology Council (hereafter referred to as the

''Council'').

(2) Purposes

The Council shall carry out an Advanced Building Technology

Program for the purposes of -

(A) identifying, selecting, and evaluating existing and new

building technologies, including energy cost savings

technologies, that conform to recognized performance criteria

and meet applicable test standards for maintenance of life,

safety, health, and public welfare when used in occupied

buildings;

(B) to the extent necessary, developing criteria for the use

of such technology;

(C) conducting economic analyses of proposed new technologies

when produced and installed in buildings at volumes associated

with comparable conventional technologies;

(D) in cooperation with the appropriate Federal agencies,

advising building designers, installers, subcontractors,

contractors and supervisory officials on the appropriate design

and use of new building technology incorporated in federally

owned or operated buildings;

(E) in cooperation with the appropriate Federal agencies,

monitoring and evaluating the performance of new building

technologies for at least 1 year after installation and

building occupancy; and

(F) disseminating resulting data to affected parties through

automated information management systems.

(3) Council membership

The Council shall be comprised of not less than 6 and not more

than 11 members selected by the Secretary of Housing and Urban

Development from among representatives of the various segments of

the nationwide building community that have extensive experience

in building industries, including, but not limited to -

(A) product manufacturers;

(B) experts in the fields of health, fire hazards, and

safety; and

(C) independent representatives of the public interest such

as architects, professional engineers, and representatives of

consumer organizations,

except that serving members of the National Institute of Building

Sciences Advisory Council shall not be eligible to serve

simultaneously on the Council.

(4) Federal participation

(A) In general

Any agency of the Federal Government involved in any building

or construction may participate in the Advanced Building

Technology Program with the Council to develop and implement

programs to incorporate one or more of the recommended new

technologies in a new or existing building within the agency.

(B) Required assurances

Upon agreement between a participating Federal agency and the

Council, with respect to the selection of the appropriate

technology and the schedule of necessary work, the Council

shall -

(i) provide the Federal agency with a 5-year guarantee from

the technology manufacturer that -

(I) all necessary corrections to the technology will be

made in the design, installation, and maintenance of the

technology;

(II) all malfunctions will be repaired without delay; and

(III) the technology manufacturer will be responsible for

removal of the technology in the event of its failure to

perform as required;

(ii) provide the Federal agency and its officials

responsible for constructing or renovating buildings

utilizing the new technology, as well as the designers,

installers, subcontractors, and contractors responsible for

the design, constru